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During the 2024 presidential campaign, there was discussion of eliminating taxes on Social Security. However, this didn't make it into the "One Big Beautiful Bill Act." Instead, a new provision, being referred to as "the senior bonus deduction," was included in the new tax law as a compromise. In this video we explain these key changes and how they affect taxes on Social Security benefits. Here's a link to the free resource: https://www.norrislakeretirement.com/... 👉 My professional focus is retirement planning for individuals age 55+. Please visit my website or reach out for a conversation. Thanks for watching! 😀 Ted Erhart, CFP® Financial Planner Anoka, Minnesota https://www.norrislakeretirement.com/ / ted-erhart-cfp%c2%ae-4969939 https://www.facebook.com/profile.php?... Norris Lake Financial Planning is a SEC registered investment advisor able to conduct advisory business in states where it is registered, exempt or excluded from registration. All contents contained herein should not be construed as an offer or solicitation for investment advice or for the offer or sale of any security, insurance or other investment product. Data contained here is obtained from believed reliable sources, however, cannot be guaranteed. Investments contain a risk of loss. Please consult a qualified legal, tax or accounting professional before implementing any investment or strategy discussed.