What does the "Big Beautiful" bill mean for your Social Security as a retiree - and how can you plan for the potential changes ahead?

The passage of the One Big Beautiful Bill (OBBBA) has sparked both support and criticism, particularly when it comes to its impact on senior citizens. The law, signed by former President Donald Trump in July 2025,

The IRS has released new guidelines to help taxpayers understand the Big Beautiful Bill, a sweeping tax reform law now in effect for the 2025 filing season. Aimed at middle-class workers, boomers and retirees,

Older Americans can now benefit from a "senior bonus" tax deduction, but it largely depends on their income. SACRAMENTO, Calif. — A new temporary tax deduction for older Americans, dubbed the “ senior bonus ,” is now in effect but financial experts say eligibility depends largely on your income.

In tax year 2025, an individual filer over 65 will be able to deduct up to $23,750 from their income tax return.

Jaspreet Singh of Minority Mindset is known for giving practical, no-nonsense money advice to Americans. He recently shared his views on Trump’s One Big Beautiful Bill Act, which includes changes to both corporate and personal income tax laws,

The Trump bill — which was enacted in early July — introduces an additional tax deduction for taxpayers who are 65 or older. The deduction could be up to $6,000 for an individual tax filer and up to $12,000 for a married couple if both spouses qualify.