President Donald Trump has tapped businessman Frank Bisignano as the Social Security Commissioner. What could that mean for you?

For most retirees, Social Security is more than just a monthly check. Even though the average Social Security check in 2025 is a modest $1,976 per month for retired workers, it represents a financial foundation that many beneficiaries would struggle to live without.

President-elect Donald Trump's plans to protect Social Security benefits could give retirees more money in their pockets, but it could also deplete the program's funds more quickly over the long term.

In a social media post, Donald Trump said seniors shouldn't pay any taxes on Social Security. He was referring to the Social Security benefit taxes that seniors owe if their incomes exceed certain thresholds.

President Donald Trump has said that under his second term he would look to eliminate taxes on Social Security income for seniors, which at first glance sounds like a good thing for folks who

In 2025, nine states will impose taxes on Social Security benefits, understanding the specific rules and income thresholds in these states is crucial for reduce.

During his presidential campaign, Trump promised widespread tax cuts -- from no tax on tips or overtime to cutting federal taxes on Social Security benefits. The latter, specifically, could have a direct impact on millions of retirees, with around 40% of those collecting benefits owing taxes on them.