The Social Security Administration is spreading misinformation about Trump’s reconciliation Invoice, falsely proclaiming it eliminates federal revenue taxes on most retirees’ Added benefits.
It does so by offering an Increased deduction for taxpayers aged sixty five and more mature, making certain that retirees can keep a lot more of whatever they acquired.
Social Safety remains dedicated to giving well timed, accurate information to the public and may go on Functioning carefully with federal companions to make sure beneficiaries understand how this legislation may well impact them.
As a result, the extra $6000 deduction and no taxes on SS means Totally nothing to us. We are addressing the upper costs but have obtained almost nothing with the passage of the BBB.
July twelve, 2025 three:20PM So in essence, due to the fact I’m 43 and acquire SSDI this Monthly bill improvements practically nothing for me While I worked Lengthy HARD hrs to generate the small little bit of money which i do get… since amongst my husband And that i, we do make below $150k a yr, but nevertheless more than enough that Component of mine is taken into account “taxable “
July 11, 2025 two:45PM I've observed a big difference in the way information and facts is offered by SSA. I see no precise information on how this influences me for the long run. I am seventy three now and would love to see our Added benefits not taxed. Even so, it’s a “I’ll believe it Once i see it” article.
The brand new regulation includes a provision that eliminates federal profits taxes on Social Safety benefits for some beneficiaries, supplying reduction to individuals and couples.
The Monthly bill ensures that virtually ninety% of Social Security beneficiaries will no longer fork out federal revenue taxes on their benefits, offering significant and instant reduction to seniors which have invested a life span contributing to our nation’s economic system.
By appreciably lessening the tax load on Positive aspects, this laws reaffirms President Trump’s assure to guard Social Protection and helps make certain that seniors can superior enjoy the retirement they’ve attained.”
July 13, 2025 6:13PM If you and/or your read more wife or husband labored difficult for decades and the government took deductions for SS then Indeed, a citizen warrants the payments they promised you in retirement. Much too poor that countless citizens recreation the technique and take a lot more than they must be entitled to obtain.
July 12, 2025 8:50PM That you are 1 that can reward. Speak to your tax particular person- but as I are aware of it, you may submit a completely new withholding sort to get significantly less taken out OR you could assert the $6k at tax time. I’m not a specialist but that’s how I read through it.
There is not any adjust during the taxability of social security Advantages. The Invoice only provides A brief reward deduction of $6k for seniors 65+ and only earning underneath $75k if Single or $150k if married.
July 15, 2025 8:04AM I get a tiny pension in addition to my social security regular monthly. I have a little expenditure account. If I pull money out, it results in my income to move the cash flow Restrict and my SSI is taxed. Will this still be the case?
July ten, 2025 six:24PM How is any person purported to have faith in this Administration’s postings when they are essentially biased and downright deceptive? Like Other folks publishing more info on listed here, this is nothing at all but gaslighting and fanfare. The facts espoused are spurious to convey the the very least.
The facts? The recently signed legislation is projected to even further to weaken the Social Stability method and its revenue. The SSA’s statement can be a blatant lie and falsely misrepresents the Invoice which was signed into regulation, in addition to its harm to retirees.
Folks boasting social protection Advantages who're below 65 or above People earning thresholds will see no tax advantage.