The $6,000 senior tax deduction does not change the underlying rules for how Social Security income is taxed; rather it reduces taxable income so that most seniors effectively owe little or no tax on their benefits.
reported by one outlet so far · Reported fact · first recorded Jul 8, 6:30 AM
How each outlet reported it
fool.comUnrated · Jul 8, 12:45 AM
The $6,000 senior tax deduction did not change the rules of how Social Security income is taxed
Details: $6,000 deduction; Social Security income taxation rules unchanged
fool.comUnrated · Jul 8, 12:45 AM
The general obligation to pay taxes on Social Security benefits still exists
Details: obligation remains in place