Additionally, President Trump last month pushed Congress to approve a "big, beautiful" tax and spending bill that fulfills several other campaign promises. "In the coming weeks and months, we will pass the largest tax cuts in American history — and that will include no tax on tips, no tax on Social Security, and no tax on overtime," he said.

Trump vowed to end Social Security taxes, but the GOP’s latest tax bill keeps them—offering a senior deduction instead amid fiscal limits.

The fine print on President Donald Trump’s “big, beautiful” tax and spending bill means “taxpayers have extra homework to do,” one expert said.