The SSA’s July 3 email announced that the so-called One Big Beautiful Bill (signed into law by President Donald Trump on July 4) would essentially eliminate federal income taxes on Social Security benefits for most recipients.

Recent claims about the elimination of federal taxes on Social Security benefits have caused confusion among American beneficiaries. Despite assertions from the Social Security Administration and President Trump,

Here's a look at whether you should be delighted or worried about the bill. (Spoiler: You may want to put away the confetti and noisemakers.)