A New Bill Would End Taxes on Social Security Forever -- Does It Have a Chance?

President Trump campaigned on several tax changes, including the elimination of taxes on tips, overtime, and Social Security benefits. His tax and spending legislation, which is called the "big, beautiful bill," certainly delivered on the first two.However, instead of eliminating taxes on Social Security benefits, the bill included a new tax deduction for senior citizens with income below certain thresholds. This will provide relief to some Social Security recipients but is far from a complete elimination of taxes on benefits.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool