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Kiplinger
Kiplinger
Business
Gabriella Cruz-Martínez

What's Wrong With Trump's Pledge to End Taxes on Social Security Benefits

Enhanced image of a U.S. government check.

President Donald Trump has affirmed his vow to repeal taxes on Social Security benefits, an election campaign pledge some experts say could cause more harm to the program than good.

About 67 million U.S. households receive monthly benefit checks from the retirement and disability program. Currently, up to 85% of Social Security benefits can be subject to federal tax, depending on a taxpayer’s combined income.

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