With so much uncertainty surrounding Social Security and its solvency over the next 10 years, there is ongoing discussion about what, if any, steps should be taken. Short of a quick, bipartisan resolution that addresses all underlying issues,

The House bill’s proposed $4,000 senior deduction falls short of eliminating taxes on Social Security benefits altogether.

The 'One Big Beautiful Bill' introduces a temporary $4,000 deduction for seniors, but its real impact on low-income retirees is questionable. While marketed as historic tax relief, the measure may fall short for those relying solely on Social Security.