{
  "id": 15397768,
  "title": "Trump's \"No Tax on Social Security\" May Not Be What You Think It Is",
  "url": "https://urgent.news/2026/10/18/trumps-no-tax-on-social-security-may-not-be-what-you-think-it-is",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-18T10:24:00.000Z",
  "source": {
    "name": "Motley Fool",
    "slug": "motley-fool",
    "url": "https://www.fool.com/retirement/2026/10/18/trumps-no-tax-on-social-security-may-not-be-what-y/?source=iedfolrf0000001"
  },
  "original_language": "en",
  "account": "President Donald Trump pledged during his campaign to eliminate taxes on Social Security benefits. In July 2025, following the official signing of the One Big Beautiful Bill Act (OBBBA), the White House released a statement claiming that 88% of seniors receiving Social Security will not face taxes on their benefits. While the press release appears truthful at first glance, a closer look reveals that the story is more nuanced. The OBBBA introduces a \"senior bonus\" deduction of up to $6,000 for individuals and $12,000 for married couples, which could help many Americans aged 65 or older reduce their taxable income. However, it is crucial to note that this deduction is temporary, lasting only from 2025 to 2028, and does not represent a permanent tax cut. Moreover, the OBBBA does not alter the IRS rules that determine the taxable portion of Social Security benefits. The IRS continues to assess tax liability based on a person's combined income, which includes factors such as Social Security benefits, taxable income, and other sources of income like withdrawals from retirement accounts and investment gains. Certain thresholds apply, with the deduction phased out for individuals earning over $75,000 and couples earning over $250,000. Consequently, while the OBBBA may provide a temporary tax break for some retirees, it does not fundamentally change the rules governing the taxation of Social Security benefits.",
  "summary": "While \"no taxes\" sounds like a great break for seniors, it's not entirely accurate.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Nasdaq Markets",
        "title": "Trump's \"No Tax on Social Security\" May Not Be What You Think It Is",
        "url": "https://urgent.news/2026/10/18/trumps-no-tax-on-social-security-may-not-be-what-you-think-it-is-15398844",
        "published": "2026-10-18T10:44:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}