President Trump's "big, beautiful bill" included a "senior bonus," a new temporary tax deduction for Americans over 65.

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.)

The Social Security Administration caused a stir over the weekend after issuing a statement saying that the Republican legislation known as the One Big Beautiful Bill would eliminate taxes on benefits for a majority of beneficiaries,