{"id":564041,"date":"2026-04-04T12:03:19","date_gmt":"2026-04-04T12:03:19","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/564041\/"},"modified":"2026-04-04T12:03:19","modified_gmt":"2026-04-04T12:03:19","slug":"retirees-trump-reaffirms-no-tax-on-social-security","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/564041\/","title":{"rendered":"Retirees: Trump Reaffirms No Tax on Social Security"},"content":{"rendered":"

\"WASHINGTON, <\/p>\n

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GOBankingRates’ editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services – our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines<\/a> and our products and services review methodology<\/a>.<\/p>\n

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During a national address<\/a> on the war in Iran from the Cross Hall of the White House, President Donald Trump briefly turned to social security and taxes.<\/p>\n

\u00a0<\/p>\n

\u00a0<\/p>\n

\u201cWith our historic tax cuts, where people are just now talking about receiving larger refunds than they ever thought possible, they are getting so much more money than they thought. That\u2019s from the great big, beautiful bill,\u201d Trump said in his April 1 speech.<\/p>\n

The \u201cBig, Beautiful Bill\u201d did not include a provision eliminating Social Security taxes for retirees, but it did provide some tax relief to millions of older Americans. Here\u2019s what it means, and what retirees should do next<\/a>.<\/p>\n<\/p>\n

No Tax on Social Security<\/p>\n

Rather than directly eliminating taxes on Social Security benefits, the new law added a senior deduction. Seniors over the age of 65 can now claim an additional $6,000 deduction per taxpayer from 2025 through 2028, which is also available to itemizers.<\/p>\n

While the White House framed the policy as \u201cno tax on Social Security, \u201d the change comes through expanded deductions rather than a direct repeal.<\/p>\n

\u00a0<\/p>\n

For that reason, many seniors will no longer owe taxes on their benefits. According to an analysis from the Council of Economic Advisers<\/a>, 88% of all seniors who receive Social Security will pay no tax on their Social Security benefits.<\/p>\n

What Retirees Must Do Next<\/p>\n

Retirees should focus on how these tax changes may affect their taxable income rather than assume Social Security benefits are tax-free. Income still matters.<\/p>\n

According to Congress.gov<\/a>, taxes on Social Security are based on the taxpayer\u2019s Social Security benefits, other taxable income, filing status and other factors. Benefits become taxable once provisional income exceeds $25,000 for single filers and $32,000 for married couples filing jointly. Generally, up to 85% of benefits may be taxable.<\/p>\n

The new senior deduction can reduce taxable income, which is why many retirees may not owe taxes on their benefits. Some retirees with earned income may also qualify for additional tax credits. According to the IRS<\/a>, the Earned Income Tax Credit (EITC) is available to low- to moderate-income taxpayers. For the 2025 tax year, the maximum income limit to qualify is $68,675.<\/p>\n

However, income from retirement accounts, pensions or part-time work may put some retirees above the taxable threshold. To take advantage of \u201cno tax on Social Security,\u201d retirees should review their total income and be wary of withdrawals from retirement accounts, which could increase provisional income.<\/p>\n","protected":false},"excerpt":{"rendered":"Pool \/ Getty Images Commitment to Our Readers GOBankingRates’ editorial team is committed to bringing you unbiased reviews…\n","protected":false},"author":2,"featured_media":564042,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[28,148166,17299,147,530,733,33314,1548,3123],"class_list":{"0":"post-564041","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-deductions","10":"tag-gobankingrates","11":"tag-personal-finance","12":"tag-personalfinance","13":"tag-social-security","14":"tag-tax-laws","15":"tag-taxes","16":"tag-white-house"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/564041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=564041"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/564041\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/564042"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=564041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=564041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=564041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}