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Kiplinger
Kiplinger
Business
Brian Gray

I'm a Financial Pro: Older Taxpayers Really Won't Want to Miss Out on This Hefty (Temporary) Tax Break

(Image credit: Getty Images)

Retirees have long expressed their frustration that a portion of the Social Security benefits they've spent a lifetime earning could be subject to federal income taxes. And for years, those concerns have sparked debate across the political spectrum.

During his 2024 campaign, President Trump proposed exempting Social Security from federal income tax. And in recent months, lawmakers in Congress (both Republicans and Democrats) introduced legislation with that same goal in mind.

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