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If passed, nobody would owe taxes on Social Security benefits starting in 2025. Joe Ferrer / Shutterstock.com
For many retirees, Uncle Sam gives with one hand and takes away with the other. But that could soon change. A bill introduced in the U.S. House of Representatives would exclude Social Security benefits from being classified as federally taxable income starting in 2025. Currently, about 40% of people receiving Social Security pay taxes on their benefits — if this passes, they would no longer do…
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