New Social Security Tax Deduction: What You Need to Know

President Donald Trump pledged in his campaign to eliminate taxes on Social Security benefits, but the recent bill went in a slightly different direction. In this short video, I'll break down the key details of a brand-new tax break for seniors that could be worth thousands of dollars.

*Stock prices used were the morning prices of Oct. 8, 2025. The video was published on Oct. 9, 2025.

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The $23,760 Social Security bonus most retirees completely overlook

If you're like most Americans, you're a few years (or more) behind on your retirement savings. But a handful of little-known "Social Security secrets" could help ensure a boost in your retirement income.

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View the "Social Security secrets" »

The Motley Fool has a disclosure policy. Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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