The Social Safety Administration is spreading misinformation about Trump’s reconciliation bill, falsely professing it eliminates federal income taxes on most retirees’ Added benefits.
It does so by giving an Improved deduction for taxpayers aged sixty five and older, guaranteeing that retirees can keep far more of whatever they attained.
Social Protection stays dedicated to providing timely, correct facts to the general public and may continue Functioning carefully with federal companions to be certain beneficiaries know how this laws may influence them.
Thus, the extra $6000 deduction and no taxes on SS suggests absolutely nothing to us. We've been managing the higher fees but have acquired nothing at all Along with the passage of your BBB.
July twelve, 2025 3:20PM So essentially, simply because I’m 43 and receive SSDI this Monthly bill improvements nothing at all for me Though I labored Very long Difficult hours to earn the very little little bit of money which i do get… because concerning my partner and I, we do make under $150k a calendar year, but still enough that Element of mine is considered “taxable “
July 11, 2025 two:45PM I have found a big difference in the way facts is offered by SSA. I see no specific knowledge on how this affects me for the long run. I'm 73 now and would like to see our Advantages not taxed. However, it’s a “I’ll think it After i see it” short article.
The brand new regulation features a provision that eliminates federal profits taxes on Social Security Added benefits for most beneficiaries, delivering aid to people and couples.
The Monthly bill ensures that just about ninety% of Social Protection beneficiaries will now not shell out federal money taxes on their Positive aspects, furnishing meaningful and rapid aid to seniors who've used a lifetime contributing to our nation’s overall economy.
By considerably cutting down the tax stress on benefits, this laws reaffirms President Trump’s assure to protect Social Security and aids be certain that seniors can improved enjoy the retirement they’ve gained.”
July thirteen, 2025 six:13PM For those who and/or your spouse worked difficult for many years and The federal government took deductions for SS then Certainly, a citizen justifies the payments they promised you in retirement. Far too poor that so many citizens activity the procedure and get in excess of they ought to be entitled to get.
July 12, 2025 8:50PM That you are one particular that could gain. Discuss with your tax particular person- but as I know it, you may submit a brand new withholding form 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 go through website it.
There's no modify while in the taxability of social stability Added benefits. The bill only gives a temporary bonus deduction of $6k for seniors 65+ and only earning down below $75k if Solitary or $150k if married.
July fifteen, 2025 8:04AM I receive a small pension coupled with my social safety monthly. I have a little investment account. If I pull revenue out, it leads to my cash flow to go the earnings limit and my SSI is taxed. Will this continue to be the case?
July 10, click here 2025 six:24PM How is anyone purported to belief this Administration’s postings when they are fundamentally biased and downright misleading? Like Many others posting on right here, That is nothing but gaslighting and fanfare. The details espoused are website spurious to mention the minimum.
The info? The freshly signed regulation is projected to even further to weaken the Social Protection program and its profits. The SSA’s assertion is a blatant lie and falsely misrepresents the Invoice which was signed into regulation, along with its damage to retirees.
People claiming social security Rewards who're beneath 65 or over People earning thresholds will see no tax reward.