The recent announcement from the White House regarding the One Big Beautiful Bill includes notable tax relief for senior citizens, particularly in relation to Social Security benefits.

An analysis by the Council of Economic Advisers indicates that 88% of seniors receiving Social Security will not have to pay taxes on these benefits.

This policy enables seniors, including both single filers and married couples who receive average benefits, to benefit from deductions that surpass their taxable income, representing what is characterized as the largest tax break in history for this group.

Original: article