The newly passed legislation awaits Trump's signature in a White House ceremony on Friday following a 218-214 vote in the House.

Trump says the "Big Beautiful Bill" eliminates taxes on Social Security benefits. However, the bill's text shows that's not quite the case.

President Trump repeatedly stated that he wanted to end Social Security benefit taxes, but that's not what the OBBB does. Instead, it adds a new $6,000 tax deduction for seniors ($12,000 for married couples) that they can claim on top of the standard deduction and existing senior deduction. Here's a closer look at how this adds up: