The U.S. Social Security system, a cornerstone of financial support for retirees, disabled individuals, and survivors of deceased workers, is at a critical financial juncture. Historically, the program enjoyed annual surpluses from 1982 to 2020.

Eliminating taxes on Social Security benefits is missing from President Trump’s proposed tax overhaul. Here’s why and what an alternative offering could mean for retirement taxes.

President Trump's second term brings reforms to Social Security and Medicare, maintaining benefits but introducing eligibility limits, administrative cuts, and a controversial tax elimination plan.