Provisional income between $25,000 - $34,000 for single filers, $32,000 - $44,000 for joint filers, up to 50% of Social Security benefits will be taxable. Provisional income above $34,000 for single filers or above $44,000 for joint filers, up to 85% of Social Security benefits will be taxable.

Trump's plan to remove taxes on Social Security benefits offers significant savings for wealthier retirees, but little to no relief for low-income seniors.

Your retirement tax problem could get bigger and bigger unless you take action, warn Utah financial advisors Ryan Thacker and Tyson Thacker.