Federal taxes on Social Security have always been a big cost to seniors — but this could soon change.

A bill is currently in discussion that could eliminate these taxes altogether. The “You Earned It, You Keep It Act” by Minnesota’s U.S. Rep. Angie Craig could be a game-changer.

Does this legislation stand to pass? It’s already seeing some support. It also comes at a time when benefits are more crucial than ever. Fewer taxes means more money for seniors, which along with yearly cost-of-living adjustments (COLAs), could make for a more comfortable retirement in 2022 and beyond.

What are your thoughts on this bill? Have you also heard about our bill, to make yearly COLAs a right for all retirees? Follow NORA on Facebook and Twitter for more info about both bills and other retirement news.