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GOBankingRates
GOBankingRates
Kerra Bolton

Why Trump’s Social Security Tax Plan Mostly Helps High-Income Retirees

Social Security Donald Trump Mark Luscombe Wayne Winegarden Federal Taxes GOBankingRates GoBankingRatescom Medicare
Michael Brochstein/ZUMA / SplashNews.com

One of President Donald Trump’s many plans includes eliminating federal taxes on Social Security benefits. Though it may sound simple, cutting taxes so that older adults keep more of their money is somewhat controversial due to its potential impact on the Social Security Trust Fund and the primary beneficiaries of the tax cut.

Explore More: 3 Biggest Problems Facing Social Security in 2026

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