The Social Security Administration said the bill ensures most Social Security beneficiaries will no longer pay federal income taxes on their benefits. Instead, the bill provides a temporary tax deduction some are calling a "senior bonus.

President Donald Trump will meet with his Cabinet at the White House at 11 a.m. Tuesday for the first time after signing the One Big Beautiful Bill Act late last week. Trump signed the sweeping legislation on Friday’s Fourth of July holiday,

The Social Security Administration says most won’t pay federal income taxes on their benefits. But Congress didn’t directly exempt those payments from taxes.