Roughly 800,000 retirees in Oregon are expected to benefit from a new federal deduction that exempts most Social Security income from taxes starting in 2026. The One Big Beautiful Bill offers

If your income exceeds $150,000 for a single adult or $250,000 for a married couple, you won't qualify for the $6,000 senior deduction. However, you're still eligible to claim your standard deduction and the $2,000 senior deduction that was already in place before the BBB passed.

Retirees can benefit from Trump’s Big Beautiful Bill with smart tax strategies like updating withholding, Roth conversions and optimizing charitable giving.