Does Donald Trump Claim Social Security Benefits?

UNITED STATES - JUNE 9: President Donald Trump arrives to South Lawn of the White House from Camp David on Monday, June 9, 2025. (Tom Williams/CQ-Roll Call, Inc via Getty Images)

(Image credit: Getty Images)

President Donald Trump celebrated his 79th birthday this June; that means he has been eligible to claim reduced Social Security benefits since 2008, when he turned 62.

As he was born in 1946, his full retirement age (FRA) was 66, a milestone he hit in 2012. The same year Trump launched his first bid for the presidency in 2016, he turned 70. At that age, he would have been eligible to claim his maximum benefit by earning delayed retirement credits.

Does Trump claim Social Security benefits? According to his most recently available tax return, tax year 2020, he doesn’t claim Social Security benefits. The first lady won't be eligible to claim Social Security until 2037, when she turns 62.

From just $107.88 $24.99 for Kiplinger Personal Finance

Become a smarter, better informed investor. Subscribe from just ~~$107.88~~ $24.99, plus get up to 4 Special Issues

CLICK FOR FREE ISSUE

https://cdn.mos.cms.futurecdn.net/flexiimages/y99mlvgqmn1763972420.png

Sign up for Kiplinger’s Free Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

It’s not easy to find out whether our senators or representatives are claiming Social Security benefits. No one in any of the three branches — judicial, executive or legislative — is required to release their 1040s.

They do have to file financial disclosure forms, but the forms don’t reveal if the filer had reported Social Security benefits that were taxable or not.

Historic returns that are available don't reveal much; benefits only became taxable in 1984 after the passage of the 1983 Amendments to the Social Security Act. There would be no track record to follow without the taxation of benefits.

If you're wondering if presidents pay Social Security taxes on their income, they do, starting in 1984. The Social Security Act in 1983 brought members of Congress, the president and vice president, federal judges and most political appointees under the Social Security program.

The wages paid to Presidents Ronald Reagan, George H.W. Bush '41, Clinton, George W. Bush '43, Barack Obama, Donald Trump and Joe Biden were subject to FICA taxes.

My best resource for presidential tax return records was the Tax Analyst’s Tax History Project, which includes presidential tax returns going back to Woodrow Wilson. Let’s take a look at which politicians claim Social Security benefits.

President Donald Trump and Melania Trump did not claim benefits as of 2020

WASHINGTON, D.C. - JANUARY 20: President Donald Trump dances with wife Melania at the Commander-in-Chief Ball on January 20, 2025 in Washington, D.C. President Trump attends some of the inaugural balls after taking the oath as the 47th president. (Photo by Anna Moneymaker/Getty Images)

President Trump didn't release his tax returns; his tax returns from 2015 through 2020 were released by the House Ways and Means Committee that voted along party lines to release the returns on December 20, 2022.

While none of these returns show any Social Security income, they do provide other information. On their 2020 federal tax return (PDF), both Donald and Melania Trump checked 'Yes" to add $3 to the Presidential Election Campaign fund. They showed $915,171 in itemized deductions and $13,468,593 in tax overpayments. They elected to take $5,468,593 as a refund and apply the remaining $8 million to their 2021 estimated taxes.

Joe and Jill Biden have claimed benefits since 2008

U.S. President Joe Biden, right, and First Lady Jill Biden prepare to greet Vice President Kamala Harris and Second Gentleman Doug Emhoff, not pictured, at the North Portico of the White House ahead of the 60th presidential inauguration in Washington, DC, US, on Monday, Jan. 20, 2025. Donald Trump's Monday swearing-in marks just the second time in US history that a president lost the office and managed to return to power - a comeback cementing his place within the Republican Party as an enduring, transformational figure rather than a one-term aberration. Photographer: Jim Lo Scalzo/EPA/Bloomberg via Getty Images

Before running for the Senate in 1972, former President Biden worked at a few law firms, started one of his own, and managed properties on the side.

Joe Biden was born in 1942, and he and his '42 cohorts were eligible for full retirement benefits when they were 65 years and 10 months in 2008. That's also the first year the Bidens' joint tax return shows Social Security income of $6,534 (PDF). In 2023, the couple reported $64,254 in Social Security (PDF) income.

The Bidens' tax returns from 1998 through 2023 are available for review or scrutiny, depending on your political affiliation.

The Bushes and the Obamas

US President George W. Bush, First Lady Laura Bush, Michelle Obama and president-elect Barack Obama stand outside the Diplomatic entrance of the White House on November 10, 2008 in Washington. Obama is visiting the White House at the invitation of Bush ahead of his January 20, 2009 inauguration as the next president.

President Bush and President Obama were too young to collect Social Security benefits for the majority of their time in office.

George W. Bush took office in 2001 at 55 years old. He left office after serving two terms in 2009, at the age of 62. While it's possible he began claiming benefits in 2008 at age 62, the last tax return on record is for 2007, a year before he became eligible for reduced benefits. Laura Bush is a few months younger than her husband and turned 62 in November 2007. As with her husband, we have no relevant tax return to prove that she did or did not begin taking Social Security.

Barack Obama succeeded George W. Bush and also served two consecutive terms as president from 2009 until 2017. He entered office at the age of 47 and left office at the age of 56. Former First Lady Michelle Obama was even younger; she came to the White House at age 45 and left at age 53. Michelle is still too young to collect reduced benefits. She has one more year until she reaches 62.

On the other hand, although Barack Obama is still a few years shy of his full retirement age, he became eligible for reduced benefits in 2023 when he celebrated his 62nd birthday. As they left politics almost a decade ago, there are no current tax returns to examine to determine if or when the Obamas filed for retiree benefits.

Hillary and Bill Clinton did not claim benefits as of 2015

American president Bill Clinton and his wife Hillary Clinton support the fight against Cancer. (Photo by Jeffrey Markowitz/Sygma via Getty Images)

Hillary Clinton was the first lady from 1993 to 2001. She and her husband, President Bill Clinton, were too young to collect Social Security when they were in the White House.

However, the tax returns from Hillary Clinton's presidential run in 2016 provide us with insight into the Clintons' finances. As of 2015, neither Hillary nor Bill Clinton collects Social Security benefits.

Hillary Clinton turned 62 in 2009 (PDF) and hit her FRA of 66 in 2013 (PDF). Bill Clinton became eligible for reduced benefits at 62 in 2008 and reached his full retirement age of 66 in 2012. The Clintons' joint tax returns from 2008 through 2015 (PDF), when they were eligible to collect benefits, show no Social Security income.

George H.W. and Barbara Bush did not claim benefits as of 1991

Vice President George Bush and his wife, Barbara, arrive in New Orleans for the 1988 Republican National Convention. (Photo by &copy; Shepard Sherbell/CORBIS SABA/Corbis via Getty Images)

George H.W. Bush became the 41st president after two terms as vice president for Ronald Reagan. Bush was eligible to start receiving reduced benefits at age 62 in 1986. He reached his full retirement age in 1989 (PDF), a year after he was elected president. There are only three joint tax returns for the Bushes, from years 1989, 1990 (PDF) and 1991 (PDF), available for inspection. Those returns show no Social Security income.

Ronald and Nancy Reagan did not claim benefits as of 1987

President Ronald Reagan and wife Nancy waving at post-inaugural gathering of marching bands at the Capitol Center. (Photo by Dirck Halstead/Getty Images)

Former President Reagan took office in 1981, the same year he would turn 70. He could have begun claiming Social Security benefits in 1973 at age 62. His full retirement age was 65, which he hit in 1976.

Until benefits became taxable in 1984, there was no definitive way to know if someone collected benefits outside of a personal statement or admission. The only relevant tax returns available for review are 1985 (PDF), 1986 (PDF) and 1987 (PDF) None of these (joint income) returns shows any Social Security income.

Social Security has often been called the "third rail of politics" because attempts to tinker with benefits have been met with immediate and vocal pushback.

What are the politicians afraid of? Older Americans vote in larger numbers than any other group. In 2024, 72.1% of those ages 65 to 75 and 71.2% of those age 75 and older voted, according to the Census Bureau. These two groups turn out to vote in higher numbers than other demographics. Less than half of those age 18 to 24 voted in the 2024 election cycle.

The Social Security and Medicare trust funds are on track to become insolvent in the next decade.

If nothing changes, Social Security’s Old-Age & Survivors Insurance (OASI) Trust Fund will be depleted by 2033, at which point benefits would be reduced by 23%. The insolvency date for the Medicare Trust Fund has been moved by by three years to 2033. hen the trust fund is depleted, program tax income is expected to be sufficient to pay 89% of projected benefits.

It's estimated that future beneficiaries will need to save almost $150,000 to make up the shortfall if benefits are reduced.

Donna joined Kiplinger as a personal finance writer in 2023. She spent more than a decade as the contributing editor of J.K.Lasser's Your Income Tax Guide and edited state specific legal treatises at ALM Media. She has shared her expertise as a guest on Bloomberg, CNN, Fox, NPR, CNBC and many other media outlets around the nation. She is a graduate of Brooklyn Law School and the University at Buffalo.