
Social Security benefits: How to tell if they will get cut, plus common tax questions answered
Jul 13, 2025
Millions of seniors will see smaller Social Security checks starting in July as the Social Security Administration begins to collect past overpayments. Additionally, President Trump's new tax legislation includes a $6,000 tax deduction for seniors aged 65 or older.
Yahoo Finance Senior Columnist Kerry Hannon and Retirement Daily editor Robert Powell — who also hosts Yahoo Finance's Decoding Retirement podcast — answer readers' questions about Social Security repayments and the new tax deduction.
