Trump Gets Bad News About His Social Security Taxes Plan

Donald Trump Gets Bad News About His Social Security Taxes Plan
President Trump's plan to cut Social Security taxes has raised concerns over its potential financial impact on the Social Security Administration.
Most states don't tax Social Security, but some still do. See the list.
Which states tax Social Security? Most states don't tax Social Security but some do. Here's which ones they are, and how they might do it.
Rich retirees win if Trump ends taxes on Social Security benefits — but there are plenty of losers
Well-off retirees stand to gain thousands of dollars in tax savings every year if President Donald Trump succeeds in his bid to exempt Social Security benefits from income taxes, while younger workers and generations to come will pay the price.
Map Shows States That Tax Social Security
Forty-one U.S. states, including populous states like California, Texas and Florida, do not tax Social Security benefits. However, nine states still do—each with varying rules based on the income levels of the recipients.
A Big Social Security Change Proposed by President Donald Trump May Be Bad News for Retirees
Importantly, Trump is not the only politician to float that idea, nor is support limited to one political party. For instance, Rep. Angie Craig (D-Minn.) introduced a bill in January 2024 that would repeal the taxation of Social Security. And Rep. Thomas Massie (R-Ky.) introduced a bill in February 2025 with the same goal.
Cutting Social Security Tax Could Boost Your Payments, but It May Not Last
New tax policies and investment rules could shake up retirement planning. How to prepare now for potential changes.
Bad news for Social Security recipients in latest 2026 COLA projection
The actual cost-of-living-adjustment won't be announced until October, but early predictions say the increase will be a smaller percentage than the 2025 increase.
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Social Security Taxes to Change Under New Bill: Here's Who's Impacted
If enacted, millions of retirees could be exempted from federal taxes on their Social Security income. In this photo illustration, a Social Security card sits alongside checks from the U.S ...
Social Security's max $5,108 benefit is hard to get. Here's what to focus on instead.
In 2025, the maximum monthly benefit Social Security will pay is $5,108. To be clear, though, that's higher than the ...