Trump's big bill could affect your taxes
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Soy Nómada on MSNSeniors offered $4,000 bonus, but where is the promised Social Security tax cut?A proposed $4,000 tax break for seniors falls short of Trump's promise to eliminate Social Security taxes, sparking criticism over unmet commitments.
The House of Representatives is advancing the "One Big Beautiful Bill Act," a comprehensive tax and spending package that includes several provisions directly affecting senior citizens. While the bill offers certain tax benefits for older Americans, it also proposes cuts to programs that many seniors rely on.
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,