News

Trump says 88% of retirees wont pay taxes on Social Security, but whats the catch?

Trump Social Security tax break 2025: The Trump administration claims 88% of seniors will pay no Social Security tax due to a new deduction, but experts dispute this, stating only about 24% will benefit. This temporary tax break, costing billions, could accelerate Social Security trust fund depletion and lead to benefit cuts, while also reducing Medicaid funding.