The Social Protection Administration is spreading misinformation about Trump’s reconciliation bill, falsely boasting it gets rid of federal income taxes on most retirees’ Positive aspects.
It does so by delivering an enhanced deduction for taxpayers aged sixty five and older, making sure that retirees can retain a lot more of whatever they attained.
Social Security continues to be committed to furnishing timely, accurate information to the public and can continue Functioning intently with federal partners to guarantee beneficiaries understand how this laws may possibly affect them.
Thus, the additional $6000 deduction and no taxes on SS means Definitely almost nothing to us. We're managing the higher charges but have been given nothing at all While using the passage in the BBB.
July 12, 2025 three:20PM So basically, because I’m forty three and receive SSDI this Monthly bill variations practically nothing for me Regardless that I labored Very long Difficult hours to get paid the minor bit of cash which i do get… for the reason that concerning my spouse and I, we do make beneath $150k a year, but nevertheless adequate that A part of mine is considered “taxable “
July 11, 2025 two:45PM I've observed a change in how facts is offered by SSA. I see no certain data on how this affects me for the long run. I'm 73 now and would like to see our Advantages not taxed. Even so, it’s a “I’ll believe that it After i see it” posting.
The brand new law features a provision that removes federal income taxes on Social Protection Gains for the majority of beneficiaries, offering aid to people today and couples.
The bill ensures here that almost 90% of Social Protection beneficiaries will not pay federal earnings taxes on their own Positive aspects, delivering meaningful and fast aid to seniors who've put in a life span contributing to our nation’s financial state.
By appreciably lowering the tax stress on Added benefits, this legislation reaffirms President Trump’s assure to shield Social Safety and can help ensure that seniors can much better take pleasure in the retirement they’ve earned.”
July thirteen, 2025 6:13PM When you and/or your wife or husband worked hard for many years and The federal government took deductions for SS then Of course, a citizen warrants the payments they promised you in retirement. Far too lousy that numerous citizens activity the technique and acquire more than they must be entitled to receive.
July 12, 2025 eight:50PM You will be one that will reward. Talk with your tax human being- but as I understand it, you may submit a whole new withholding kind to own fewer taken out OR you are able to assert the $6k at tax time. I’m not a professional but that’s how I browse it.
There isn't a improve during the taxability of social safety benefits. The bill only offers A short lived bonus deduction of $6k for seniors sixty five+ and only earning underneath $75k if Single or $150k if married.
July 15, 2025 eight:04AM I receive a small pension in conjunction with my social protection regular. I have a small expenditure account. If I pull cash out, it brings about my money to move the revenue limit and my SSI is taxed. Will this nonetheless be the case?
July ten, 2025 6:24PM How is everyone supposed to rely on this Administration’s postings when they're fundamentally biased and downright deceptive? Like Other people publishing on here, This can be almost nothing but gaslighting and fanfare. The points espoused are spurious to convey the least.
The information? The newly signed law is projected to more to weaken the Social Safety read more system and its income. read more The SSA’s assertion is usually a blatant lie and falsely misrepresents the Invoice that was signed into legislation, as well as its hurt to retirees.
People declaring social security Gains that are below sixty five or higher than Those people earning thresholds will see no tax benefit.