The Social Safety Administration is spreading misinformation about Trump’s reconciliation Invoice, falsely claiming it gets rid of federal earnings taxes on most retirees’ Added benefits.
It does so by furnishing an Improved deduction for taxpayers aged sixty five and more mature, making certain that retirees can retain much more of whatever they earned.
Social Stability stays committed to delivering well timed, accurate facts to the general public and can go on Operating carefully with federal partners to be sure beneficiaries understand how this legislation may perhaps affect them.
For that reason, the additional $6000 deduction and no taxes on SS means Definitely nothing at all to us. We are coping with the upper prices but have gained nothing at all Using the passage with the BBB.
July 12, 2025 three:20PM So fundamentally, because I’m forty three and get SSDI this Monthly bill improvements absolutely nothing for me Despite the fact that I labored Extensive HARD hours to get paid the minimal bit of cash that I do get… mainly because between my spouse And that i, we do make less than $150k a calendar year, but nonetheless adequate that Element of mine is taken into account “taxable “
July eleven, 2025 2:45PM I have observed a difference in just how details is offered by SSA. I see no particular info on how this affects me for the long term. I am seventy three now and would like to see our Rewards not taxed. Nonetheless, it’s a “I’ll consider it After i see it” post.
The new law features a provision that gets rid of federal money taxes on Social Security benefits for many beneficiaries, providing relief to folks and couples.
The bill makes sure that practically ninety% of Social Security beneficiaries will no longer fork out federal profits taxes on their own Gains, offering significant and read more fast aid to seniors who definitely have expended a life span contributing to our country’s financial system.
By significantly lessening the tax burden on Advantages, this legislation reaffirms President Trump’s promise to protect Social Safety and assists make certain that seniors can improved enjoy the retirement they’ve gained.”
July 13, 2025 6:13PM Should you more info and/or your spouse worked challenging for decades and the government took deductions for SS then YES, a citizen warrants the payments they promised you in retirement. Also bad that a great number of citizens sport the system and consider greater than they ought to be entitled to get.
July twelve, 2025 eight:50PM You might be one that may gain. Speak with your tax person- but as I realize it, you are able to post a different withholding sort to acquire much less taken out OR you are able to declare the $6k at tax time. I’m not a specialist but that’s how I examine it.
There is not any transform in the taxability of social safety Gains. The bill only offers A brief bonus deduction of $6k for seniors sixty five+ and only earning underneath $75k if One or $150k if married.
July fifteen, 2025 eight:04AM I get a little pension in addition to my social security regular. I've a small expense account. If I pull income out, it results in my income to go the earnings Restrict and my SSI is taxed. Will this nevertheless be the case?
July ten, 2025 six:24PM How is any one imagined to believe in this Administration’s postings when they are basically biased and downright deceptive? Like Other individuals posting on in this article, this social locker plugin for wordpress is very little but gaslighting and fanfare. The info espoused are spurious to mention the minimum.
The details? The freshly signed regulation is projected to even more to weaken the Social Security software and its income. The SSA’s statement is actually a blatant lie and falsely misrepresents the Invoice that was signed into legislation, and also its harm to retirees.
Folks claiming social protection Rewards that are underneath 65 or higher than All those earning thresholds will see no tax gain.