Taxes on Social Security benefits were not eliminated despite what you've heard
All the misleading hype about Social Security and tax cuts for seniors in "One Big Beautiful Bill" foreshadows one ugly scene after another at tax preparation offices next year. It's not going to be pretty when many poorly informed retirees file 2025 tax returns. "What do you mean I'm paying taxes on my Social Security benefits?" some are sure to ask. Already in July, I've seen social media posts from tax professionals who are dreading the day when they will have to say "welcome to reality" to their clients. Start the day smarter. Get all the news you need in your inbox each morning. Yes, your Social Security is still 85% taxable. "Yes, I know that's what Trump is still saying. But pay attention to what he signed, not what he says," he yelled for the 792,682,314th time into the void," posted Adam Markowitz, an enrolled agent in Florida, on X. What's sparking confusion for retirees about tax...