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Bill would shield restored Social Security benefits from tax
Yahoo Finance· 2026-02-21 04:33
A bipartisan proposal in Congress could resolve an unexpected tax problem facing millions of retirees this filing season. The issue stems from the Social Security Fairness Act, signed into law in early 2025, which repealed two long-standing provisions that had reduced or eliminated benefits for employees whose jobs were not covered by Social Security taxes. While the change restored benefits for teachers, firefighters, police officers and other workers, it also triggered large retroactive payments — and, ...