Bill Would Make All Social Security Benefits Tax-Free Starting in 2026

For many retirees, Uncle Sam gives with one hand and takes away with the other. But that could soon change. A bill recently introduced in the U.S. Senate would exclude Social Security benefits from federally taxable income, effectively making them tax-free. Currently, about 40% of people receiving Social Security owe federal income taxes on their benefits. But that would no longer be the case…