The provision emerged from President Donald Trump’s campaign pledge to end taxes on Social Security. But experts say many are excluded.

The $40,000 cap would begin this year, with the same $500,000 income phaseout, and both figures would rise by 1% annually from 2026 through 2033.

Colorado’s Democratic leaders blasted congressional Republicans’ tax bill as a “complete betrayal” after the bill passed the U.S. Senate and hurtled toward its potential