The Social Security Administration is spreading misinformation about Trump’s reconciliation Monthly bill, falsely boasting it removes federal money taxes on most retirees’ Advantages.
It does so by providing an Improved deduction for taxpayers aged sixty five and more mature, ensuring that retirees can continue to keep much more of the things they acquired.
Social Stability remains devoted to delivering timely, correct details to the public and will keep on Operating intently with federal companions to ensure beneficiaries know how this legislation may possibly impact them.
For that reason, the additional $6000 deduction and no taxes on SS suggests Completely almost nothing to us. We are handling the higher charges but have acquired very little With all the passage of your BBB.
July 12, 2025 three:20PM So basically, since I’m 43 and get SSDI this Invoice changes absolutely nothing for me Despite the fact that I worked LONG Challenging several hours to gain the small little bit of money which i do get… mainly because among my spouse And that i, we do make below $150k a year, but still enough that Section of mine is taken into account “taxable “
July eleven, 2025 2:45PM I have found a big difference in the way information and facts is presented by SSA. I see no certain data on how this influences me for the long term. I am seventy three now and would love to see our Positive aspects not taxed. Nonetheless, it’s a “I’ll believe that it After i see it” article.
The brand new regulation features a provision that removes federal revenue taxes on Social Safety Positive aspects for the majority of beneficiaries, furnishing aid to individuals and partners.
The Invoice makes certain that practically ninety% of Social Security beneficiaries will no longer fork out federal revenue taxes on their own Advantages, giving significant and instant reduction to seniors which have expended a life time contributing to our nation’s economic climate.
By substantially minimizing the tax burden on Gains, this legislation reaffirms President Trump’s guarantee to safeguard Social Stability and allows make certain that seniors can improved take pleasure in the retirement they’ve earned.”
July 13, 2025 six:13PM If you and/or your partner labored really hard for decades and the government took deductions for SS then Sure, a citizen warrants the payments they promised you in retirement. Far too negative that lots of citizens match the process and take a lot more than they ought to be entitled to receive.
July 12, 2025 eight:50PM You happen to be 1 that can profit. Check with your tax human being- but as I know it, you could post a new withholding variety to own considerably less taken out OR you are able to assert the website $6k at tax time. I’m not an authority but that’s how I read it.
There is not any improve during the taxability of social safety Added benefits. The Monthly bill only presents a temporary bonus deduction of $6k for seniors sixty five+ and only earning under $75k if Solitary or $150k if married.
July 15, 2025 8:04AM I receive a tiny pension along with my social more info protection month-to-month. I've a little expenditure account. If I pull money out, it will cause my earnings to go the earnings Restrict and my SSI is taxed. Will this still be the situation?
July ten, 2025 6:24PM How is anyone supposed to have faith in this Administration’s postings when they are essentially biased and downright deceptive? Like Other individuals putting up on here, This is often nothing at all but gaslighting and fanfare. The facts espoused are spurious to say the least.
The info? The newly signed law is projected to additional to weaken the Social Security system and its profits. The SSA’s statement is actually a blatant lie and falsely misrepresents the Invoice that was signed into law, along with its damage to retirees.
Men and women professing social protection benefits who are below sixty five or over These earning thresholds will see no tax benefit.