The Social Security Administration has sent a misleading email to beneficiaries stating President Donald Trump's sweeping tax-cuts and spending law eliminates taxes on Social Security benefits for most recipients.

A new move by the Social Security Administration (SSA) threatens to exacerbate social inequality in the United States by slashing monthly payments for millions of beneficiaries, effective July 24, as part of a strategy to recoup overpayments made in error.

The Social Security Administration sent a misleading email to beneficiaries stating that Trump’s new law eliminates taxes on Social Security benefits for most recipients. Former SSA Commissioner Martin O’Malley joins The Weeknight to set the record straight on what the law really does – and doesn’t do.

Also: A way to limit your risk while investing in Nvidia, and advice on financial gifts drawn from retirement accounts.

President Donald Trump’s signature “one big beautiful bill” promises to let workers keep more of what they earn by making tips and overtime wages tax-free. In states like Ne

Trump's new tax law, known as the "One, Big, Beautiful Bill," brings significant changes for Americans, especially older adults. While it offers tax breaks that could save retirees thousands, it also poses long-term challenges for the Social Security program.