A new tax break aimed at seniors may lighten the load on retirees’ Social Security income, but it’s not as sweeping or permanent as some headlines suggest. Tucked inside the “One Big Beautiful Bill,” signed into law by President Donald Trump on July 4,

Here's a look at whether you should be delighted or worried about the bill. (Spoiler: You may want to put away the confetti and noisemakers.)

The 'Big Beautiful Bill' signed by President Trump promised to eliminate taxes on Social Security benefits. However, the reality is more nuanced, offering significant tax relief but not a complete elimination.