This deduction would likely benefit people who earn modest incomes. The lowest-earning seniors already pay no federal income taxes, so they wouldn’t benefit. The highest earners make too much to qualify.

What happened to no tax on social security benefits? This tax plan was pushed through in a different legislative process. Trump has long promised it.

When you buy something by clicking links within this article, we may earn a small commission, but it never affects the products or services we recommend.Many retirees are surprised to learn that the Social Security checks they’ve been counting on might come with a tax bill attached.