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There's a new tax break for seniors, but it doesn't exactly eliminate Social Security benefit taxes.
President Donald Trump pledged in his campaign to eliminate taxes on Social Security benefits, but the recent bill went in a slightly different direction. In this short video, I'll break down the key details of a brand-new tax break for seniors that could be worth thousands of dollars.
*Stock prices used were the morning prices of Oct. 8, 2025. The video was published on Oct. 9, 2025.
Matt Frankel, CFP, is a contributing Motley Fool stock market analyst and personal finance expert covering financial stocks, REITs, SPACs, and personal finance. Prior to The Motley Fool, Matt taught high school and college mathematics. He holds a bachelor’s degree in physics from the University of South Carolina, a master’s degree in mathematics from Nova Southeastern University, and a graduate certificate in financial planning from Florida State University. He won a SABEW award for coverage of the 2017 Tax Cuts and Jobs Act. He is also regularly interviewed by Cheddar, The National Desk, and other TV networks and publications for his financial, stock market, and investing expertise.
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