In 2025, a change in the income limit subject to Social Security taxes will impact millions of workers and the long-term stability of the program. This adjustment reflects broader wage gains in the private sector post-pandemic,

President Trump’s “Big, Beautiful Bill” will cut taxes on Social Security income—but not everyone qualifies. Here’s what it means for retirement planning.

The Social Security Administration reportedly sent out an email claiming the policy bill “eliminates federal income taxes on Social Security benefits for most beneficiaries”—but that’s not true.