President Trump Wants to Eliminate Income Tax on Social Security Benefits, But Here's What Retirees in These 9 States Should Know in the Meantime

Social Security is one of the more important social programs the U.S. offers. Since retirement benefits began in 1940, Social Security has helped keep hundreds of millions of people out of poverty, including many of the 52 million who currently receive benefits.Unfortunately, like other types of income, your Social Security benefits can be taxed -- for now. President Donald Trump has noted several times that he wants to eliminate the federal tax on Social Security. When and if this happens remains to be seen, but in the meantime, here's what Social Security recipients should know about Social Security taxes.Image source: Getty Images.Continue reading

Apr 25, 2025 - 09:21

President Trump Wants to Eliminate Income Tax on Social Security Benefits, But Here's What Retirees in These 9 States Should Know in the Meantime

Social Security is one of the more important social programs the U.S. offers. Since retirement benefits began in 1940, Social Security has helped keep hundreds of millions of people out of poverty, including many of the 52 million who currently receive benefits.

Unfortunately, like other types of income, your Social Security benefits can be taxed -- for now. President Donald Trump has noted several times that he wants to eliminate the federal tax on Social Security. When and if this happens remains to be seen, but in the meantime, here's what Social Security recipients should know about Social Security taxes.

Image source: Getty Images.