Social Security, Donald Trump and Retirees
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MiBolsilloColombia on MSNThe White House Claims Social Security Tax Elimination, But It's Just a Deduction for SomeIn a move that caught the attention of millions of American retirees, the Trump administration announced a tax relief plan for seniors.
Trump’s tax and spending bill does not eliminate taxes on Social Security, overtime and tip income, but merely provides temporary tax deductions
The Social Security Administration says most won’t pay federal income taxes on their benefits. But Congress didn’t directly exempt those payments from taxes.