Social Security Tax Cuts
No Tax Relief Yet: What Retirees Can Expect as Trump Holds Off on Social Security Tax Cuts
Anthony Lane
Retirees hoping for immediate tax relief from Social Security cuts will have to wait. While a $4,000 tax break for seniors is part of recent legislation, the Social Security tax cut is delayed due to the Byrd Rule. Retirees must remain adaptable and informed to manage potential changes to their retirement plans.
