Roughly 700,000 retirees in Louisiana are expected to gain from a new federal deduction that exempts most Social Security income from taxation starting in 2026. The One Big Beautiful Bill

Just before breaking for the July Fourth recess, Congress passed a massive new tax law with the kind of name only Washington could come up with: “The One Big Beautiful Bill.”

If your income exceeds $150,000 for a single adult or $250,000 for a married couple, you won't qualify for the $6,000 senior deduction. However, you're still eligible to claim your standard deduction and the $2,000 senior deduction that was already in place before the BBB passed.