New bill ending federal taxes on Social Security benefits in 2026: Millions of retirees may see bigger checks and less tax burden

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A new bill introduced in the U.S. Congress aims to eliminate federal taxes on Social Security benefits for nearly all recipients. The legislation would ensure that approximately 90% of Social Security beneficiaries no longer pay federal income taxes on their benefits. This proposal is part of broader efforts to reform the Social Security system and reduce the tax burden on retirees. If enacted, the bill could significantly increase the number of seniors who no longer pay federal income taxes on their Social Security benefits.