Dear Savvy Senior: Do I have to pay taxes on my Social Security retirement benefits? I heard that President Trump’s big, beautiful bill eliminated that. What can you tell me? — About to Retire

Dear About to Retire: No, the new law, better known as the One Big Beautiful Bill Act, did not eliminate Social Security taxes. It did, however, provide a temporary “senior bonus” deduction (starting in 2025 and running through 2028) of up to $6,000 that will apply to taxpayers 65 and older who earn up to $75,000 for singles or $150,000 for joint filers. If you earn over that amount, the deduction starts phasing out.

Also, note that the senior bonus is a deduction, not a refundable credit, so it will not help lower-earning seniors who owe no income taxes.

Who owes SSA taxes?

Whether you’ll be req

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