The Social Security Administration is spreading misinformation about Trump’s reconciliation Invoice, falsely saying it eradicates federal revenue taxes on most retirees’ Advantages.
It does so by furnishing an Increased deduction for taxpayers aged 65 and more mature, making sure that retirees can hold far more of the things they earned.
Social Security stays committed to offering timely, correct info to the general public and may continue Operating carefully with federal companions to make sure beneficiaries understand how this legislation may well have an effect on them.
As a result, the additional $6000 deduction and no taxes on SS usually means Definitely practically nothing to us. We are managing the higher fees but have obtained nothing at all Using the passage in the BBB.
July 12, 2025 3:20PM So basically, because I’m 43 and acquire SSDI this Monthly bill variations very little for me Though I worked Lengthy Tough several hours to generate the minimal bit of cash which i do get… since between my spouse And that i, we do make below $150k a year, but still ample that Component of mine is taken into account “taxable “
July 11, 2025 2:45PM I have observed a variance in the way information is offered by SSA. I see no distinct information on how this impacts me for the long term. I'm seventy three now and would like to see our Gains not taxed. On the other hand, it’s a “I’ll consider it when I see it” article.
The brand new regulation features a provision that eliminates federal revenue taxes on Social Protection Advantages for many beneficiaries, offering aid to people today and couples.
The Monthly bill makes certain that approximately 90% of Social Safety beneficiaries will no more fork out federal money taxes on their own Positive aspects, offering significant and rapid reduction to seniors who definitely have spent a life span contributing to our nation’s economic climate.
By significantly minimizing the tax load on Added benefits, this laws reaffirms President Trump’s guarantee to guard Social Protection and allows ensure that seniors can far better benefit from the retirement they’ve earned.”
July 13, 2025 6:13PM For those who and/or your spouse labored read more challenging for decades and The federal government took deductions for SS then Sure, a citizen warrants the payments they promised you in retirement. Way too lousy that lots of citizens activity the system and take a lot more than they must be entitled to get.
July 12, 2025 8:50PM You're 1 that will benefit. Speak to your tax particular person- but as I realize it, you may post a new withholding form to obtain less taken out OR you are able to claim the $6k at tax time. I’m not an expert but that’s how I study it.
There is not any change within the taxability of social protection benefits. The Monthly bill only provides A short lived reward deduction of $6k for seniors sixty five+ and only earning down below $75k if Single or $150k if married.
July fifteen, 2025 8:04AM I receive a compact pension coupled with my social security month to month. I have a small expense account. If I pull income out, here it triggers my income to go the profits limit and my SSI is taxed. Will this continue to be the situation?
July ten, 2025 six:24PM How is anyone speculated to trust this Administration’s postings when they are essentially biased and downright deceptive? Like Some others publishing on here, This can be nothing but gaslighting and fanfare. The details espoused are spurious to say the least.
The specifics? The newly signed legislation is projected to further more to weaken the Social Safety plan and its earnings. The SSA’s statement is actually a blatant lie and falsely misrepresents the bill that was signed into regulation, and also its hurt to retirees.
People today saying social stability Positive aspects who will be less than 65 or higher than Those people earning thresholds will see no tax advantage.