Maryland's retirees benefit from the One Big Beautiful Bill Act, which removes federal tax obligations on Social Security income for most seniors. An estimated 1 million retirees in Maryland will no longer pay federal taxes on these benefits. Nationally, the bill affects 88% of Social Security recipients, increasing from 64%. For 2026, single seniors can claim deductions up to $23,750, while married couples can claim $46,700. Additionally, Maryland is expected to see wage gains for retirees of up to $8,400, improving their financial situation substantially.
The One Big Beautiful Bill Act removes federal tax obligations from Social Security income for 88% of seniors, allowing 51.4 million retirees to retain more income.
Deductions for single seniors can reach up to $23,750, including a new $6,000 deduction, while married couples can claim as much as $46,700.
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