For years, policymakers in both parties have raised questions about taxes on Social Security. Still, eliminating them could create problems for future beneficiaries.

To see if they'll apply to you, you have to calculate your combined income, which is the total of your adjusted gross income, 50% of your annual Social Security income, and any non-taxable income you receive (for example, interest payments from municipal bonds, which are always federally tax-exempt).

In one of his first major decisions after his January 2025 inauguration, President Donald Trump appointed Elon Musk to lead the Department Of Government Efficiency (DOGE), a temporary organization established to recommend cost-cutting measures and improve federal efficiency,