Taxation of Social Security benefits has been in the news lately, with the passage of a temporary tax deduction as part of the One, Big, Beautiful Bill Act. The bill includes a deduction of $6,000 for individuals ($12,000 for couples) over 65, and is intended to reduce taxation on Social Security benefits. However, many will still be taxed on their benefits once they begin collecting. Trending Now: 3 Little-Known Social Security Rules That Could Save You Thousands Discover More: Mark Cuban Tells Americans ...

Florida is often painted as a retiree’s paradise, with its sunshine, beaches and no state income tax. But does that mean retirees get to keep all of their retirement income tax-free? For You: Retirees Share the One Thing They Regret Not Saving For Consider This: 5 Cities You Need To Consider If You're Retiring in 2025 To find out, ChatGPT was asked to break down what taxes retirees face in Florida. The answer: while the state is one of the most tax-friendly in the country, Uncle Sam still gets his cut at ...