The Social Safety Administration is spreading misinformation about Trump’s reconciliation Invoice, falsely claiming it eradicates federal revenue taxes on most retirees’ Advantages.
It does so by delivering an Improved deduction for taxpayers aged 65 and more mature, guaranteeing that retirees can maintain extra of what they earned.
Social Security stays devoted to furnishing well timed, exact info to the public and may proceed Functioning carefully with federal partners to make certain beneficiaries understand how this laws may perhaps have an affect on them.
For that reason, the extra $6000 deduction and no taxes on SS suggests Unquestionably absolutely nothing to us. We are handling the higher costs but have obtained very little Together with the passage with the BBB.
July twelve, 2025 three:20PM So basically, for the reason that I’m 43 and acquire SSDI this Invoice changes almost nothing for me Despite the fact that I labored Prolonged Tough hours to get paid the tiny bit of cash which i do get… simply because in between my spouse And that i, we do make beneath $150k a yr, but nevertheless more than enough that Portion of mine is considered “taxable “
July eleven, 2025 2:45PM I've recognized a difference in the way facts is introduced by SSA. I see no certain data on how this has an effect on me for the long term. I am seventy three now and would like to see our Added benefits not taxed. However, it’s a “I’ll believe it Once i see it” short article.
The new legislation includes a provision that gets rid of federal income taxes on Social Stability Advantages for most beneficiaries, furnishing aid to men and women and partners.
The Monthly bill ensures that practically ninety% of Social Stability beneficiaries will now not pay back federal cash flow taxes on their Positive aspects, providing significant and rapid aid to seniors that have spent a life span contributing to our country’s financial state.
By considerably cutting down the tax stress on Positive aspects, this laws reaffirms President Trump’s assure to guard Social Security and can help make sure that seniors can superior take pleasure in the retirement they’ve attained.”
July 13, 2025 6:13PM Should you and/or your wife or husband worked difficult for decades more info and the government took deductions for SS then Indeed, a citizen warrants the payments they promised you in retirement. Also lousy that lots of citizens sport the technique and just take greater than they need to be entitled to get.
July 12, 2025 eight:50PM You're one particular that should gain. Discuss with your tax particular person- but as I understand it, you are able to submit a different withholding sort to obtain fewer taken out OR it is possible to assert the $6k at tax time. I’m not a specialist but that’s how I browse it.
There is not any modify inside the taxability of social stability benefits. The bill only gives a temporary bonus deduction of $6k for more info seniors sixty five+ and only earning below $75k if Solitary or $150k if married.
July fifteen, 2025 eight:04AM I get a smaller pension in addition to my social protection regular monthly. I have a little expenditure account. If I pull dollars out, it will cause my revenue to go the profits limit and my SSI is taxed. Will this continue to be the case?
July ten, 2025 6:24PM How is any one supposed to trust this Administration’s postings when they're basically biased and downright misleading? Like others posting on below, This can be nothing at all but gaslighting and fanfare. The points espoused are spurious to say the least.
The info? The recently signed regulation is projected to additional to weaken the Social Safety application and its earnings. The SSA’s statement is often a blatant lie and falsely misrepresents the Invoice that was signed into law, and also its here damage to retirees.
Individuals proclaiming social safety Gains who are under 65 or over All those earning thresholds will see no tax gain.