North Dakota's retirees could see a significant tax break starting in 2026 from the OBBBA, exempting Social Security income from federal taxes for about 100,000 seniors. This legislation will provide a $6,000 deduction for individuals and $12,000 for couples over 65, potentially reaching write-offs of $23,750 for singles and $46,700 for couples. Nationwide, 88% of seniors will owe no federal tax on Social Security, a rise from 64%. The OBBBA also aims to increase real wages for working households in North Dakota.
The OBBBA established a deduction tailored specifically to seniors: $6,000 for individuals and $12,000 for married couples where both spouses are over 65.
According to the White House, this is "the largest tax break in history for America's seniors," and is meant to help retirees "save more of their money" after decades of paying into the system.
88% of seniors nationwide will now owe no federal tax on their Social Security income-up from 64% before the OBBBA was enacted.
North Dakota's total population hovers just under 800,000, and about 130,000 residents are aged 65 or older-roughly 17% of the state's population.
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