Trump, Social Security and Beautiful Bill
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Soy Aire on MSNTax Savings: The One Big Beautiful Bill Act's Impact on Your Finances
Starting in 2025, the One Big Beautiful Bill Act (OBBBA) introduces historic tax cuts, making key provisions from the 2017 Tax Cuts and Jobs Act permanent while adding new benefits. From enhanced deductions to expanded credits,
The One Big Beautiful Bill targets middle-income seniors, offering timely relief in a state with rising property taxes and insurance costs.
The One Big Beautiful Bill Act includes a $6,000 bonus deduction for those age 65 or older. The White House has announced the bill means “no tax on Social Security.”
Washington lawmakers are back home selling the pros and cons of the "One Big Beautiful Bill Act," leveraging the law to shape their message to voters ahead of midterms.
Roughly 2.1 million retirees in Ohio are expected to benefit from a new federal deduction that exempts most Social Security income from taxes starting in 2026. The One Big Beautiful Bill