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Trump's Tax Plan Strains Seniors Amid Retirement Income Tax

6/22/2025

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Summary

Story summary

The Trump administration's One Big Beautiful Bill Act seeks to lift taxes on Social Security income for seniors, offering temporary tax deductions for those eligible. However, nine states continue to impose taxes on retirement income, leaving many seniors in a bind. The Senate will soon deliberate before the bill heads to the House for a final vote.

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Story summary

The Trump administration's One Big Beautiful Bill Act seeks to lift taxes on Social Security income for seniors, offering temporary tax deductions for those eligible. However, nine states continue to impose taxes on retirement income, leaving many seniors in a bind. The Senate will soon deliberate before the bill heads to the House for a final vote.