The Social Security Administration is spreading misinformation about Trump’s reconciliation Monthly bill, falsely proclaiming it eradicates federal cash flow taxes on most retirees’ Added benefits.

It does so by providing an Improved deduction for taxpayers aged sixty five and more mature, making certain that retirees can hold a lot more of the things they earned.

Social Security continues to be devoted to supplying timely, exact details to the public and may keep on Doing the job intently with federal associates to guarantee beneficiaries know how this legislation might have an impact on them.

As a result, the additional $6000 deduction and no taxes on SS indicates Completely practically nothing to us. We're managing the higher charges but have gained almost nothing While using the passage from the BBB.

July twelve, 2025 3:20PM So mainly, simply because I’m forty three and receive SSDI this bill improvements almost nothing for me Although I worked Extended Tricky several hours to get paid the tiny little bit of cash which i do get… mainly because involving my husband and I, we do make underneath $150k a year, but nevertheless plenty of that Component of mine is considered “taxable “

July 11, 2025 2:45PM I have seen a distinction in how info is presented by SSA. I see no certain knowledge on how this affects me for the long term. I'm 73 now and would like to see our Positive aspects not taxed. However, it’s a “I’ll imagine it Once i see it” short article.

The new legislation features a provision that removes federal revenue taxes on Social Safety Advantages for the majority of beneficiaries, furnishing reduction to people and partners.

The Invoice makes sure that practically 90% of Social Protection beneficiaries will not pay federal income taxes on their own Advantages, supplying significant and instant reduction to seniors who definitely have expended a life span contributing to our nation’s economic system.

By drastically decreasing the tax load on Advantages, this legislation reaffirms President Trump’s promise to safeguard Social Stability and helps make certain that seniors can far better benefit from the retirement they’ve acquired.”

July thirteen, 2025 six:13PM Should you and/or your spouse worked tough for decades and the government took deductions for SS then Of course, a citizen warrants the payments they promised you in retirement. Too lousy that countless citizens sport the get more info process and consider greater than they must be more info entitled to receive.

July twelve, 2025 8:50PM You're 1 that could advantage. Discuss with your tax person- but as I are aware of it, it is possible to post a whole new withholding kind to have fewer taken out OR you are able to declare the $6k at tax time. I’m not a specialist but that’s how I read through it.

There isn't a modify in the taxability of social protection Positive aspects. The Monthly bill only provides A short lived reward deduction of $6k for seniors sixty five+ and only earning down below $75k if One or $150k if married.

July fifteen, 2025 8:04AM I receive a little pension in conjunction with my social protection regular monthly. I have a small financial commitment account. If I pull money out, it will cause my money to go the profits limit and my SSI is taxed. click here Will this still be the situation?

July ten, 2025 6:24PM How is any individual designed to believe in this Administration’s postings when they're basically biased and downright deceptive? Like Many others putting up on right here, This can be almost nothing but gaslighting and fanfare. The info espoused are spurious to mention the least.

The specifics? The recently signed law is projected to even further to weaken the Social Protection application and its income. The SSA’s assertion is actually a blatant lie and falsely misrepresents the bill which was signed into law, together with its harm to retirees.

Persons declaring social safety benefits who are underneath 65 or above All those earning thresholds will see no tax profit.