SpaceGo LIVE: Bill Would Make Social Security Benefits Truly Tax-Free Bill Would Make Social Security Benefits Truly Tax-Free

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Wednesday, September 10, 2025

Bill Would Make Social Security Benefits Truly Tax-Free Bill Would Make Social Security Benefits Truly Tax-Free

Excited senior man working on taxes before a laptop.
Evgeny Atamanenko / Shutterstock.com

For many retirees, Uncle Sam gives with one hand and takes away with the other. But that could soon change. A bill recently introduced in the U.S. Senate would exclude Social Security benefits from federally taxable income, effectively making them tax-free. Currently, about 40% of people receiving Social Security owe federal income taxes on their benefits. But that would no longer be the case…

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