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GOBankingRates

Sarah Li Cain

Trump Promised Tax Relief for Seniors — Here’s What Retirees Are Seeing Now

Social Security Donald Trump IRS

Ridofranz / iStock.com

President Donald Trump pledged that there would be “no tax on tips, no tax on overtime and no tax on Social Security for our great seniors” on his 2024 campaign trail. He signed into law the One Big Beautiful Bill Act (OBBBA) in July 2025, which fulfills some of those promises.

Find Out: I Asked ChatGPT What Trump’s ‘Big Beautiful Bill’ Means for Retirees’ Taxes: Here’s What It Said

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One subscription that gives you access to news from hundreds of sites

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