When trying to organize your finances or attempt retirement planning in general, you're likely going to be factoring in your benefits from Social Security to help you handle some of your

House Republicans' "one, big, beautiful" tax bill includes a new perk for older adults: a $4,000 deduction, framed as a "bonus." The deduction would be available to individuals ages 65 and over who meet certain income and other requirements.

Additionally, President Trump last month pushed Congress to approve a "big, beautiful" tax and spending bill that fulfills several other campaign promises. "In the coming weeks and months, we will pass the largest tax cuts in American history — and that will include no tax on tips, no tax on Social Security, and no tax on overtime," he said.

During the marathon Ways and Means Committee meeting scrutinizing the new Republican tax bill, Rep. John Larson (D-Conn.) asked Joint Committee on Taxation Chief of Staff Thomas Barthold about key details,

Trump has said for months that he wanted to end the federal income tax on Social Security benefits. About 6.3 million Californians receive Social Security benefits.

but how much would seniors benefit if Trump were to succeed in eliminating the tax on Social Security benefits? It turns out that what appears to be a proposal to help the most vulnerable ...

Social Security uses your tax records to determine the rates you ... facets of disability insurance and benefits, and they can help guide you through the process of attaining Social Security ...