The Social Security Administration is spreading misinformation about Trump’s reconciliation Invoice, falsely proclaiming it gets rid of federal revenue taxes on most retirees’ Added benefits.
It does so by furnishing an enhanced deduction for taxpayers aged sixty five and older, guaranteeing that retirees can continue to keep a lot more of what they attained.
Social Protection continues to be dedicated to supplying timely, correct information and facts to the public and can keep on Doing the job intently with federal associates to make sure beneficiaries know how this laws may influence them.
Hence, the extra $6000 deduction and no taxes on SS usually means Definitely nothing to us. We are handling the upper prices but have gained nothing With all the passage with the BBB.
July twelve, 2025 three:20PM So mainly, due to the fact I’m forty three and acquire SSDI this Monthly bill changes nothing for me even though I worked Extensive HARD several hours to gain the minimal little bit of money which i do get… due to the fact among my husband And that i, we do make less than $150k a 12 months, but still sufficient that part of mine is taken into account “taxable “
July 11, 2025 two:45PM I have observed a change in how data is presented by SSA. I see no unique details on how this influences me for the long run. I'm seventy three now and would like to see our Gains not taxed. On the other hand, it’s a “I’ll imagine it Once i see it” write-up.
The brand new legislation features a provision that eliminates federal money taxes on Social Protection benefits for the majority of beneficiaries, supplying relief to people and partners.
The Invoice makes certain that approximately 90% of Social Protection beneficiaries will not spend federal revenue taxes on their own Added benefits, providing meaningful and quick relief to seniors who have expended a life time contributing to our nation’s economy.
By appreciably lowering the tax burden on Gains, this legislation reaffirms President Trump’s promise to safeguard Social Stability and aids be sure that seniors can better benefit from the retirement they’ve acquired.”
July 13, 2025 6:13PM Should you and/or your husband or wife worked tricky for many years and The federal government took deductions for SS then Sure, a citizen warrants the payments they promised you in retirement. Also terrible that a great number of citizens recreation the technique and consider more more info than they ought to be entitled to acquire.
July twelve, 2025 eight:50PM You happen to be one particular which will check here benefit. Talk with your tax man or woman- but as I understand it, you may submit a new withholding sort to acquire considerably less taken out OR it is possible to claim the $6k at tax time. I’m not a specialist but that’s how I read it.
There's no alter inside the taxability of social protection Positive aspects. The Monthly bill only presents A short lived bonus deduction of $6k for seniors sixty five+ and only earning underneath $75k if One or $150k if married.
July fifteen, 2025 eight:04AM I get a tiny pension coupled with my social stability every month. I've a small expenditure account. If I pull funds out, it leads to my profits to move the cash flow Restrict and my SSI is taxed. Will this nonetheless be the situation?
July ten, 2025 6:24PM How is anybody imagined to have confidence in this Administration’s postings when they are fundamentally biased and downright misleading? Like others publishing on in this article, this is almost nothing but gaslighting and fanfare. The information espoused are spurious to mention the minimum.
The details? The newly signed legislation is projected to additional to weaken the Social Safety program and its earnings. The SSA’s statement is usually a blatant lie and falsely misrepresents the Invoice that was signed into legislation, and also its damage to retirees.
Individuals declaring social security Positive aspects who're under 65 or over social locker plugin Individuals earning thresholds will see no tax advantage.