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Donald Trump Campaign Rally in Charlotte, North Carolina, USA - 24 Jul 2024

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The ex-president didnt go into detail on the matter.

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to make it end taxes on Social Security benefits, Trump would need the cooperation of Congress.

That will be a tough ask unless Republicans also win the U.S. House and Senate in the 2024 elections.

Should Trump succeed, here are some of the ways his proposal could impact retirees.

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If these taxes are eliminated altogether, seniors previously affected will not have to see their benefits reduced.

Payroll taxes currently fund about 77% of benefits, but the program also gets funds from income taxes.

When the fund becomes insolvent, some lawmakers have suggestedcutting retirement benefitsto deal with the shortfall.

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