Nearly 90% of seniors will no longer pay tax on Social Security, White House says

Nearly 90% of seniors will no longer pay tax on their Social Security benefits, according to the White House. The change stems from the Working Families Tax Cut, a law signed last year under President Trump’s administration. That legislation eliminated federal taxation on Social Security income for the vast majority of senior recipients. As a result, millions of retirees are now retaining more of their monthly benefits, increasing their disposable income without any action on their part. The White House highlighted the policy ahead of the president’s upcoming travel to Nevada and Arizona, where he will promote the tax change. With seniors representing a high-participation voting bloc in the midterms, the administration’s emphasis on this financial benefit underscores its political and economic significance. Nearly 90% of seniors will no longer pay tax on their Social Security.