The Social Security Administration (SSA) said in a press release last week that the US President Donald Trump's One Big, Beautiful Bill, which was passed as law recently, would offer millions of US seniors significant tax relief on their Social Security benefits.
While experts believe the bill could increase the national debt by trillions of dollars over the next decade, the SSA stated the new rules would ensure that almost 90% of the 70+ million Social Security recipients won't have to pay federal income taxes on their benefits, offering immediate relief to seniors.
