President Donald Trump spent months on the campaign trail promising to end taxes on Social Security benefits. And, after officially signing the One Big Beautiful Bill Act (OBBBA) into law in July 2025, Trump's White House issued a press release declaring that 88% of all seniors who receive Social Security will pay no taxes on their benefits. As you plan for retirement -- or the remainder of your retirement -- it's important to note: While the White House's announcement is technically true for now, it doesn't tell the whole story. Image source: Getty Images.
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