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Huge update for all Social Security recipients! Lawmakers have officially dropped the highly anticipated plan to eliminate taxes on Social Security benefits — but in a shocking twist, they’ve introduced something even more valuable: a 4,000 dollar bonus standard deduction for seniors aged 65 and over. In this video, we break down what this change means, who qualifies, how it works, and why more than 70 million seniors could benefit — compared to just 30 million under the old plan.So what made Congress backtrack on their no-tax promise? What legal roadblocks stood in their way? And how does this new deduction impact YOU, especially if you’re living on fixed income or retirement benefits? We’ll walk you through everything — from income thresholds and eligibility to real-life savings examples and how this compares to the canceled tax cut plan.✅ Topics covered in this video:Why the Social Security tax-cut plan was cancelledWhat the new 4,000 dollar deduction means for seniorsWho qualifies (based on income and age)How this will impact your taxes through 2028Why this may be a better deal for more seniors than the original plan👉 If you're receiving Social Security, SSI, SSDI, or retirement benefits — you need to watch this full breakdown. This could impact your next tax filing and your monthly budget.🔔 Don’t forget to LIKE, SHARE, and SUBSCRIBE to Social Security Post for more accurate and timely updates!#seniorbenefits #socialsecurity2025 #RetirementTaxBreak #socialsecurityupdate #SSADeductions #ssi #ssdi
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colleen
That's great for the people who make enough to pay taxes.
