The Social Security Administration is spreading misinformation about Trump’s reconciliation bill, falsely professing it removes federal income taxes on most retirees’ Positive aspects.
It does so by providing an Increased deduction for taxpayers aged sixty five and more mature, ensuring that retirees can continue to keep a lot more of whatever they acquired.
Social Protection continues to be devoted to providing timely, exact information and facts to the public and can proceed Doing work closely with federal associates to ensure beneficiaries understand how this laws may have an effect on them.
Hence, the extra $6000 deduction and no taxes on SS signifies absolutely almost nothing to us. We've been addressing the higher expenditures but have obtained nothing With all the passage in the BBB.
July 12, 2025 3:20PM So fundamentally, simply because I’m forty three and receive SSDI this Monthly bill changes nothing at all for me Despite the fact that I labored LONG Challenging several hours to generate the minimal little bit of cash that I do get… because involving my spouse and I, we do make below $150k a yr, but nevertheless sufficient that Element of mine is considered “taxable “
July 11, 2025 two:45PM I have discovered a big difference in just how details is presented by SSA. I see no particular info on how this influences me for the long run. I'm 73 now and would love to see our Positive aspects not taxed. Having said that, it’s a “I’ll think it Once i see it” write-up.
The brand new regulation includes a provision that eliminates federal profits taxes on Social Safety Added benefits for many beneficiaries, furnishing relief to people today and couples.
The bill makes sure that virtually ninety% of Social Security beneficiaries will not pay back federal earnings taxes on their Positive aspects, delivering significant and quick reduction to seniors who may have spent a life time contributing to our nation’s economic system.
By significantly cutting down the tax stress on Rewards, this laws reaffirms President Trump’s guarantee to shield Social Security and will help make certain that seniors can far better benefit from the retirement they’ve earned.”
July thirteen, 2025 six:13PM Should you and/or your husband or wife worked really hard for many years and the government took deductions for social locker plugin SS then Of course, a citizen justifies the payments they promised you in retirement. As well terrible that countless citizens activity the system and just take in excess of they need to be entitled to acquire.
July twelve, 2025 eight:50PM You happen to be just one that should profit. Talk with your tax particular person- but as I are aware of it, it is possible to submit a brand new withholding form to obtain a lot less taken out OR it is possible to claim the $6k at tax time. I’m not a professional but that’s how I examine it.
There is not any check here adjust while in the taxability of social security Added benefits. The bill only presents A brief reward deduction of $6k for seniors 65+ and only earning down below $75k if Single or $150k if married.
July fifteen, 2025 8:04AM I get a small pension along with my social protection month-to-month. I have a little expense account. If I pull money out, it brings about my earnings to go the money limit and my SSI is taxed. Will this nevertheless be the situation?
July 10, 2025 6:24PM How is any individual speculated to belief this Administration’s postings when they're essentially biased and downright misleading? Like Other folks publishing on listed here, This can be practically nothing but gaslighting and fanfare. The info espoused are spurious to say the minimum.
The facts? The freshly signed regulation is projected to additional to weaken the Social Protection system and its profits. The SSA’s assertion can be a blatant lie and falsely misrepresents the Invoice that was signed into law, and also its damage to retirees.
People professing social safety Added benefits get more info who are underneath 65 or above These earning thresholds will see no tax benefit.