From Nasdaq: 2025-06-21 18:00:00

President Trump has made progress with some agenda items, like ending taxes on overtime pay, but still faces challenges, such as ending taxes on Social Security benefits. The House passed the “One, Big, Beautiful Bill” that includes the tax deduction for overtime, but the Senate has added restrictions, like a $12,500 limit per person. Senate Republicans face challenges in passing the bill, with concerns raised by some members. If passed, the overtime tax deduction would take effect for the 2025 tax year, but its future beyond 2028 is uncertain.

Additionally, many retirees overlook ways to maximize their Social Security benefits, potentially missing out on a $23,760 bonus each year. By learning strategies to maximize Social Security benefits, retirees can boost their retirement income and retire confidently.



Read more at Nasdaq: President Trump’s Plan to End Taxes on Overtime Pay Could Become Reality Sooner Than You Think