The “bonus” added to the standard deduction, as I understand it, was enacted in the 2017 tax legislation, and applied to seniors 65 and older. It made no difference if the individual received SS benefits earlier. I don’t believe the 65 breakpoint changed in the BBB. The 90% number is just a guess at this point anyway.
What’s important is that the “bonus” would have totally gone away if the BBB was never passed and signed into law.
I will be watching the signing ceremony this morning with a big grin on my face!
Yeah, it’s smoke and mirrors chicanery. All they had to do was directly exclude SS payments from being taxable income. The republicans refused. And now they are claiming it’s done…so that’s it. SS won’t get anything else.