SSA Expects Megabill to Remove Tax for Nearly 90 Percent of Social Security Beneficiaries

More than 51 million American senior citizens will likely benefit from the bill.

The Social Security Administration office building in Waycross, Ga., on Aug. 28, 2024. Madalina Vasiliu/The Epoch Times

The Social Security Administration (SSA) commended the passage of the One Big Beautiful Bill (OBBB), which is aimed at delivering tax relief to millions of older Americans.

“The bill ensures that nearly 90 percent of Social Security beneficiaries will no longer pay federal income taxes on their benefits, providing meaningful and immediate relief to seniors who have spent a lifetime contributing to our nation’s economy,” the agency said in a July 3 statement.