The Social Security Administration is spreading misinformation about Trump’s reconciliation bill, falsely claiming it removes federal money taxes on most retirees’ benefits.
It does so by furnishing an enhanced deduction for taxpayers aged 65 and more mature, guaranteeing that retirees can maintain much more of whatever they attained.
Social Safety continues to be devoted to furnishing well timed, correct information to the public and can proceed Performing carefully with federal associates to be sure beneficiaries understand how this legislation could have an impact on them.
As a result, the extra $6000 deduction and no taxes on SS signifies Totally practically nothing to us. We have been handling the upper expenditures but have gained practically nothing Together with the passage with the BBB.
July twelve, 2025 3:20PM So fundamentally, for the reason that I’m forty three and acquire SSDI this Invoice adjustments practically nothing for me While I worked Prolonged Challenging hrs to receive the very little bit of money which i do get… mainly because involving my husband And that i, we do make beneath $150k a yr, but still more than enough that Section of mine is considered “taxable “
July eleven, 2025 2:45PM I have noticed a distinction in just how information is introduced by SSA. I see no particular data on how this impacts me for the long run. I am seventy three now and would love to see our Advantages not taxed. Having said that, it’s a “I’ll feel it After i see it” posting.
The new law features a provision that eliminates federal revenue taxes on Social Stability Positive aspects for most beneficiaries, giving aid to persons and couples.
The Monthly bill makes certain that practically 90% of Social Protection beneficiaries will no more spend federal profits taxes on their Advantages, delivering significant and fast reduction to seniors who definitely have used a life time contributing to our nation’s financial state.
By appreciably cutting down the tax load on Gains, this laws reaffirms President Trump’s promise to safeguard Social Stability and assists be certain that seniors can far better take pleasure in the retirement they’ve earned.”
July 13, 2025 six:13PM In case you and/or your husband or wife labored really hard for many years and The federal government took deductions for SS then Indeed, a citizen warrants the payments they promised you in retirement. Also lousy that lots of citizens activity the process and get a lot more than they ought to be entitled to acquire.
July twelve, 2025 8:50PM You are 1 which will advantage. Speak with your tax particular person- but as I here realize it, you can post a fresh withholding type to obtain a lot less taken out OR you could declare the $6k at tax time. I’m not an authority but that’s how I study it.
There isn't any improve from the taxability of social security benefits. The Invoice only gives a temporary bonus deduction of $6k for seniors 65+ and only earning below $75k if One or $150k if married.
July 15, 2025 eight:04AM I receive a modest pension in conjunction with my social protection monthly. I've a small expense account. If I pull dollars out, it triggers my cash flow to pass the earnings Restrict and my SSI is taxed. Will this nonetheless be the situation?
July 10, 2025 six:24PM How is anyone purported to belief this Administration’s postings when they are fundamentally biased and downright misleading? Like Some others publishing on here, That is nothing at all but gaslighting and fanfare. The info espoused are spurious to convey the the very least.
The facts? social locker plugin for wordpress The newly signed law is website projected to additional to weaken the Social Protection software and its profits. The SSA’s statement is usually a blatant lie and falsely misrepresents the Monthly bill that was signed into regulation, and its hurt to retirees.
People today boasting social stability Gains that are less than sixty five or earlier mentioned those earning thresholds will see no tax profit.