Related: How the IRS taxes Social Security income in retirement. The new tax break is welcome news for the over 66 million Americans who collect Social Security income, including

The Social Security and Medicare Fair Share Act proposes targeting payroll tax loopholes for high-income earners.

Additionally, President Trump last month pushed Congress to approve a "big, beautiful" tax and spending bill that fulfills several other campaign promises. "In the coming weeks and months, we will pass the largest tax cuts in American history — and that will include no tax on tips, no tax on Social Security, and no tax on overtime," he said.

A Republican tax proposal could give people age 65 and older an additional deduction of $4,000 in a “senior bonus” that would ease the tax burden on older adults — although it would not end taxes on Social Security, which President Trump campaigned on.

Millions of recipients could soon be entitled to the tax break, should the provision make its way into the final bill.

Trump has said for months that he wanted to end the federal income tax on Social Security benefits. About 6.3 million Californians receive Social Security benefits.

A new bill would tax income over $400K to help fix Social Security’s funding gap and avoid 17% benefit cuts by 2035.

Rep. Thomas Massie (R-KY) is the lead sponsor of Bill H.R. 904 - No Tax On Social Security presently being reviewed in the House of Representatives.

House Republicans on Monday outlined their plans for a far-reaching tax bill that would deliver on several of President Trump’s campaign pledges — for now.

Donald Trump received 56 percent of the working class vote in 2024, according to exit polls, up from 51 percent in 2020 and 49 percent in 2016. The bond between the president and these voters is sadomasochistic.