Despite claims from President Trump and the Social Security Administration, the bill does not put an end to taxes on Social Security benefits.

President Donald Trump’s megabill raises the tax on some college endowments, which experts say could cause schools to hike tuition, cut financial aid or both.

What the bill does do is provide a temporary tax deduction of up to $6,000 for seniors aged 65 and older. The tax break is available to people with an adjusted gross incomes of $75,000 or less and $150,000 or less for couples filing jointly. The deduction is set to expire at the end of 2028.