Officially Chartered by the National Federation of Republican Women and the California Republican Party
From the Desk of Lydia Kanno, CFRW President July 8, 2025
No Tax on Social Security is a Reality in the One Big Beautiful Bill
The White House July 1, 2025
Under the One Big Beautiful Bill, the vast majority of senior citizens — 88% of all seniors who receive Social Security — will pay NO TAX on their Social Security benefits, according to a brand new analysis from the Council of Economic Advisers.
A senior who files as a single taxpayer and receives the current average retirement benefit (approx. $24,000) will see deductions that exceed their taxable Social Security income.
Married seniors who both receive the average $24,000 Social Security income — a total of $48,000 in annual income — will also see deductions that exceed their taxable Social Security income.
| Consider a single senior receiving $40,000 in Social Security income and another $40,000 in income from an individual retirement account or a 401(k). Calculations by the Treasury Department show that, under current law, in 2026 this senior would be expected to owe $7,190 in taxes, whereas under the OBBB, this senior would owe only $5,685 – a reduction of over $1,500. Approximately $900 of this reduction is due to the new senior deduction alone. Finally, consider a married senior couple receiving $40,000 in Social Security income and another $40,000 in income from an individual retirement account or a 401(k). Calculations by the Treasury Department show that, under current law, in 2026 this couple would be expected to owe $3,150 in taxes, whereas under the OBBB, they would owe only $1,110 – a reduction of over $2,000. Approximately $1,200 of this reduction is due to the new senior deductions claimed by the couple. |
This amounts to the largest tax break in history for America’s seniors — and makes sure that after years of earning their Social Security, seniors can save more of their money. Promises made, promises kept. |
President Trump’s One Big Beautiful Bill Is Now the Law
The White House July 4, 2025
Today, President Donald J. Trump officially signed The One Big Beautiful Bill into law — a once-in-a-generation piece of legislation that makes good on his campaign promises and puts America First.
Here’s what this means for everyday Americans:
- The largest tax cut in history for middle- and working-class Americans
- According to the Joint Committee on Taxation, the tax bill will most benefit workers and families making less than $50,000 per year.
- Bigger paychecks of $10,000+ more in annual take-home pay for families.
- NO tax on Tips.
- NO tax on Overtime.
- NO tax on Social Security.
- A $12.5 billion modernization of our air traffic control system.
- Permanently increasing the Child Tax Credit for more than 40 million families.
- Permanently securing our borders by finishing the border wall and hiring thousands of new ICE officers and Border Patrol agents.
- Driving down energy costs with a massive expansion of domestic oil and gas production capacity.
- A tax deduction on Made in America auto loan interest.
- Protection for two million family farms from punitive double taxation.
- Creating Trump Accounts for every American newborn.
- Restoring fiscal sanity by cutting $1.5 trillion in spending.
- Strengthening Medicaid by eliminating waste, fraud, and abuse and blocking illegal immigrants from receiving Medicaid.
- Funding the Golden Dome missile defense system to confront 21st century threats.
- Modernizing our military to ensure it has the resources to be a ready, lethal fighting force after four years of Biden-era weakness.
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