The Social Protection Administration is spreading misinformation about Trump’s reconciliation Invoice, falsely boasting it eliminates federal cash flow taxes on most retirees’ Advantages.
It does so by giving an Improved deduction for taxpayers aged 65 and more mature, guaranteeing that retirees can hold far more of whatever they attained.
Social Security stays devoted to offering well timed, accurate details to the general public and can continue on Performing closely with federal partners to be sure beneficiaries know how this legislation may possibly influence them.
Hence, the additional $6000 deduction and no taxes on SS signifies Unquestionably nothing to us. We've been managing the higher fees but have received absolutely nothing Along with the passage from the BBB.
July twelve, 2025 3:20PM So generally, because I’m 43 and get SSDI this Invoice adjustments very little for me Though I worked LONG Really hard hours to make the minor little bit of money which i do get… simply because amongst my spouse And that i, we do make less than $150k a year, but still ample that Component of mine is considered “taxable “
July eleven, 2025 2:45PM I've discovered a variance in how info is offered by SSA. I see no distinct info on how this impacts me for the long term. I'm 73 now and would like to see our Added benefits not taxed. However, it’s a “I’ll believe that it Once i see it” post.
The brand new regulation features a provision that removes federal cash flow taxes on Social Safety Rewards for many beneficiaries, supplying relief to folks and partners.
The bill makes more info sure that practically 90% of Social Security beneficiaries will not pay back federal revenue taxes on their own Rewards, supplying meaningful and instant reduction to seniors which have invested a life time contributing to our nation’s economic climate.
By drastically lessening the tax stress on Positive aspects, this laws reaffirms President Trump’s promise to shield Social Stability and can help be sure that seniors can better enjoy the retirement they’ve attained.”
July 13, 2025 6:13PM If you and/or your husband or wife worked tough for many years and The federal government took deductions for SS then Of course, a citizen justifies the payments they promised you in retirement. Too poor that so many citizens match the program and just take a lot more than they need to be entitled to obtain.
July 12, 2025 eight:50PM That you are a person that will reward. Speak with your tax individual- but as I comprehend it, you can post a brand new withholding variety to acquire considerably less taken out OR you'll be able to assert the $6k at tax time. I’m not a specialist but that’s how I study it.
There is no adjust in the taxability of social safety Advantages. The Monthly bill only more info offers a temporary bonus deduction of $6k for seniors sixty five+ and only earning under $75k if Single or $150k if married.
July fifteen, 2025 eight:04AM I receive a compact pension as well as my social stability regular monthly. I've a little expenditure account. If I pull money out, it triggers my income to move the money limit and my SSI is taxed. Will this continue to be the case?
July 10, 2025 6:24PM How is everyone imagined to rely on this Administration’s postings when they're basically biased and downright deceptive? Like Other people posting on right here, this is absolutely nothing but gaslighting and fanfare. The information espoused are spurious to mention the minimum.
The points? The freshly signed law is projected to more to weaken the Social Protection application and its earnings. The SSA’s statement is often a blatant lie and falsely misrepresents the bill which was signed into legislation, and its read more hurt to retirees.
People today claiming social security Advantages that are underneath 65 or previously mentioned All those earning thresholds will see no tax gain.