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.)

Overwhelmed at understanding it, I turned to ChatGPT to learn more about what this bill means for retirees and their taxes (with fact-checking, of course!).

During his campaign, Trump promised to eliminate federal taxes on Social Security benefits. While that measure was cut from the final bill, the majority of seniors are still set to receive a tax break.