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Will Social Security taxes be eliminated for seniors? Learn about the "One Big Beautiful Bill" and the new $6,000 tax deduction for Americans over 65. President Trump recently signed the "One Big Beautiful Bill Act" (OBBBA), introducing a significant new tax break specifically for seniors. While the law does not entirely eliminate the federal income tax on Social Security benefits for everyone, it provides an additional $6,000 deduction (or $12,000 for married couples) on top of the existing standard deduction. This video breaks down who qualifies for this 2026 tax break, how the income phase-outs work, and what it really means for your retirement income. Maximize your refund by staying informed on the latest IRS changes. If you found this financial guide helpful, please like the video and subscribe for more updates on senior tax policy and Social Security news.