Trump's flagship tax and spending law is expected to have a material (and adverse) impact on America's leading retirement program.

Roughly 100,000 Wyoming retirees are expected to benefit from a new federal deduction that eliminates taxes on most Social Security income.

The Trump bill — which was enacted in early July — introduces an additional tax deduction for taxpayers who are 65 or older. The deduction could be up to $6,000 for an individual tax filer and up to $12,000 for a married couple if both spouses qualify.

Even while the bill was making its way through Congress, opponents said it would cause the Social Security trust funds to run out of money sooner than projected. Their warnings appear to have been correct. It's official: Donald Trump's "Big, Beautiful Bill" will deplete Social Security's funds faster.

The One Big Beautiful Bill targets middle-income seniors, offering timely relief in a state with rising property taxes and insurance costs.

Social Security changes in 2026 include a COLA increase, higher retirement age, and tax changes tied to Trump’s new law.

Roughly 4 million Texas retirees are expected to benefit from a new federal deduction that eliminates taxes on most Social Security income starting in 2026. The One Big Beautiful Bill could

President Donald Trump claims nearly 275,000 illegal immigrants have been removed from the U.S. Social Security system following his signing of the “One Big Beautiful Bill.” Speaking to supporters, Trump touted the measure as both a senior citizen tax relief initiative and a step to protect benefits from what he called “fraudulent claims.