Reported about 15 hours ago
Despite President Trump's pledge to eliminate taxes on Social Security benefits, the omission in his tax bill may actually be advantageous for retirees. The decision prevents the rapid depletion of the Social Security trust fund, which could have been expedited by eliminating this tax. Furthermore, his new tax law introduces a significant increase in the standard deduction for seniors, providing more financial relief to low and middle-income retirees who rely heavily on Social Security income.
Source: YAHOO