A new tax break aimed at seniors may lighten the load on retirees’ Social Security income, but it’s not as sweeping or permanent as some headlines suggest. Tucked inside the “One Big Beautiful Bill,” signed into law by President Donald Trump on July 4,

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.)

Trump also vowed to protect Social Security while on the campaign trail, and he has repeated that promise since returning to the White House. "I'm not going to touch Social Security, Medicare, Medicaid," Trump told Fox News in March. He also promised to rid the retirement program of fraud.