Roughly 400,000 Utah retirees are expected to gain from a new federal tax deduction that eliminates Social Security income taxes for most recipients starting in 2026. The One Big Beautiful

Trump's flagship tax and spending law is expected to have a material (and adverse) impact on America's leading retirement program.

The "big beautiful bill" includes a $6,000 additional deduction for certain older Americans ages 65 and over. However, the legislation does not end federal income taxes on Social Security benefits.

Consider Social Security. The White House issued a statement on July 1 saying that "Under the One Big Beautiful Bill, the vast majority of senior citizens — 88% of all seniors who receive Social ...

Roughly 100,000 Wyoming retirees are expected to benefit from a new federal deduction that eliminates taxes on most Social Security income beginning in 2026.

In order to qualify for the maximum Social Security benefit, you'll also have to earn the maximum for each of the 35 years of earnings that are used to calculate your benefits. That doesn't mean earning umpteen kazillion bajillion dollars each year, though.