Roughly 2 million Illinois retirees are set to benefit from a new federal deduction that shields most Social Security income from taxes starting in 2026. The One Big Beautiful Bill

In total, fewer than 24% of all current Social Security recipients will see a reduction in taxable income directly due to the new law. According to the CBPP, this falls far short of Trump’s campaign promise to eliminate all taxes on Social Security.

After the recent signing of President Donald Trump's "big, beautiful bill," House Republicans are reportedly pushing for another large domestic policy package. However, Senate GOP members are expressing doubts about the feasibility of such a move.