President Donald Trump's recently enacted 'One Big Beautiful Bill' does not eliminate taxes on Social Security benefits, contrary to claims from the White House and misleading communications from the Social Security Administration (SSA). The SSA sent an email to benefit recipients inaccurately stating that 90% of seniors would no longer owe federal taxes on their Social Security benefits. Experts and multiple legal analyses have confirmed that the bill does not remove these taxes, and the relief provided to seniors is temporary. The legislation includes a broad range of tax changes affecting estate planning, energy and climate sectors, business interest deductions, and SALT deductions. The bill also locks in certain tax cuts, increases wealth transfer tax exemptions, and introduces new deductions impacting individuals, businesses, and nonprofits. The SSA has faced backlash for the misleading email, with calls for improved transparency and customer service. Critics have highlighted that while the bill offers temporary relief for seniors, it maintains substantial tax benefits for the ultra-wealthy.
Tax Bill Changes 1099 Reporting Thresholds https://t.co/Yu3JcDys7L | by @littler
Trump is claiming that he repealed the tax on Social Security & that’s not true. Relief for seniors in his new law is temporary while massive tax cuts for the ultra-wealthy are here to stay. https://t.co/J8GYQo86y7
Increased Wealth Transfer Tax Exemptions Made Permanent in One Big Beautiful Bill https://t.co/YxtR43iRc1 | by @agglaw