New deductions for seniors, tipped workers and overtime, plus a tax hit on gamblers, have generated confusion, misinformation and outrage.
M isinformation about the One Big Beautiful Bill Act (OBBBA) was rampant even before President Donald Trump signed it into law on Thursday, July 4, 2025. Taxpayers and TikTokers posted articles mistakenly touting provisions that didn’t make the final cut. (One dropped provision, for example, allowed Medicare Part A beneficiaries to contribute to Health Savings Accounts.) Worse, misinformation was spread by the government itself—Trump falsely claimed the law “eliminates” taxes on Social Security benefits…
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