But the bill does not eliminate taxes on Social Security for everyone, as President Donald Trump had promised. Nor does it change how those benefits are taxed. And the law’s changes affecting seniors will likely not benefit most people over 65, independent analysts said.

President Trump vowed to end taxes on Social Security, but the One Big Beautiful Bill stops short of fulfilling that promise.

Trump promised to eliminate the tax on Social Security benefits in his 2024 campaign, but the bill instead adds a new deduction.