The exact wording of the law actually stipulates a $6,000 tax deduction for individuals aged 65 and older, likely raising the number of seniors who won't pay taxes on Social Security to 88 percent. Currently, 64 percent of seniors already don't pay taxes on Social Security benefits.

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

I asked ChatGPT to break down what the Big Beautiful Bill meant for Social Security Taxes -- here's what it said.