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progree

(12,215 posts)
10. And here's one from GoBankingRates saying it is a $4,000 deduction
Sat Jul 5, 2025, 08:18 AM
Jul 5

a "boost" to the standard deduction for seniors (65+) -- Progree says if so, that's good, it's essentially an "above the line" deduction -- one doesn't have to itemize deductions -- and have the itemized deduction total exceed the standard deduction -- in order for it to do any good.

citing CBS on the $4,000 (see "CBS link" below).

GoBankingRates article (dated 7/5/25) :
https://www.msn.com/en-us/money/retirement/trump-s-social-security-tax-u-turn-what-retirees-need-to-know-now/ar-AA1I17sW

Says even the Center for Budget and Policy Priorities ((a progressive think tank -Progree)) says eliminating income taxes on SS benefits would be unwise, costing the SS program too much, bringing forward its depletion date

CBS link: https://www.cbsnews.com/news/social-security-income-tax-benefits-trump-one-big-beautiful-bill/
Oh, JFC, this CBS article is from May 22, before the Senate came up with its own version that ultimately the House approved July 3 and tRump signed, so its worthless, sorry, damn it. Another example of AI written garbage.from GoBankingRates (the GoBankingRates article is dated 7/5/25, so they have no excuse whatsoever).

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Does the deduction if that's what it is, come out of the Social Security system (leading to earlier depletion of the trust fund) is still my question.

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