Quick Read The One Big Beautiful Bill Act adds $6,000 to standard deductions for taxpayers 65+ through 2028. The tax break accelerates Social Security trust fund depletion by six months to Q1 2034. Higher deductions reduce taxable income enough to lower or eliminate Social Security benefit taxes for many seniors. Investors rethink 'hands off' investing and decide to start making real money Retirees will enjoy a generous new tax break in 2026, courtesy of the One Big Beautiful Bill Act. Eligible t ...