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.)

President Trump has been boasting that his One Big Beautiful Bill (OBBB) eliminated income taxes on Social Security. But did it? The answer is,

During his campaign, Trump promised to eliminate federal taxes on Social Security benefits. While that measure was cut from the final bill, the majority of seniors are still set to receive a tax break.