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The Economic Times

Economy / The Economic Times

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No tax on Social Security? Trump reaffirms plan what retirees should do now

Trump talked about no tax on Social Security, but the change is a new deduction for seniors. Many retirees may pay less tax, but income rules still apply. Some people may still owe tax if earnings are high. Experts say retirees should check total income, understand limits, and plan withdrawals carefully before assuming Social Security benefits are fully tax free.

3 Apr 2026 6:47 pm