Here's How Trump's Tax Bill Will Affect Social Security Taxes

On July 4, President Donald Trump signed the "big, beautiful bill" into law, marking his largest legislation to date. The law includes many provisions, including some that affect Social Security recipients.One aspect that has received a lot of attention is the impact on Social Security taxes. Trump campaigned on eliminating federal taxes on Social Security benefits and has touted that this law does that, but that's not quite accurate.The new rules don't eliminate the federal tax on Social Security, but do offer a deduction to eligible individuals. Let's take a look at how the new changes will work.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool