The Social Safety Administration is spreading misinformation about Trump’s reconciliation Invoice, falsely saying it eradicates federal income taxes on most retirees’ Advantages.
It does so by furnishing an Improved deduction for taxpayers aged 65 and older, ensuring that retirees can keep extra of the things they gained.
Social Safety continues to be dedicated to delivering timely, accurate data to the general public and will continue on Functioning closely with federal companions to make certain beneficiaries understand how this laws might impact them.
For that reason, the additional $6000 deduction and no taxes on SS implies Unquestionably absolutely nothing to us. We're working with the higher expenses but have obtained nothing at all Using the passage of your BBB.
July twelve, 2025 three:20PM So essentially, because I’m 43 and acquire SSDI this Invoice improvements very little for me Regardless that I worked LONG Tricky several hours to receive the little bit of cash that I do get… due to the fact between my partner And that i, we do make below $150k a 12 months, but nonetheless ample that Section of mine is taken into account “taxable “
July eleven, 2025 two:45PM I have observed a big difference in the way information and facts is presented by SSA. I see no distinct details on how this affects me for the long term. I am 73 now and would love to see our Positive aspects not taxed. However, it’s a “I’ll believe it Once i see it” posting.
The brand new legislation includes a provision that eliminates federal income taxes on Social Protection Added benefits for most beneficiaries, offering reduction to men and women and partners.
The bill ensures that almost ninety% of Social Security beneficiaries will now not pay out federal income taxes on their Positive aspects, delivering significant and instant aid to seniors who have used a life span contributing to our country’s overall economy.
By significantly decreasing the tax stress on Positive aspects, this legislation reaffirms President Trump’s promise to guard Social Security and can help be certain that seniors can greater benefit from the retirement they’ve acquired.”
July thirteen, 2025 6:13PM If you and/or your wife or husband labored really hard for many years and the government took deductions for SS then YES, a citizen deserves the payments they promised you in retirement. Also bad that numerous citizens game the procedure and choose a lot more than they need to be entitled to acquire.
July 12, 2025 eight:50PM You will be one that can benefit. Discuss with your tax particular person- but as I know it, it is possible to post a brand new withholding type to possess significantly less taken out OR you are able to declare the $6k at tax time. I’m not a professional but that’s how I study website it.
There is no transform inside the taxability of social protection Advantages. The Invoice only provides A brief reward deduction read more of $6k for seniors 65+ and only earning underneath $75k if Single or $150k if married.
July 15, 2025 eight:04AM I get a tiny pension along with my social security regular. I've a little investment account. If I pull funds out, it results in my cash flow to move the profits limit and my SSI is taxed. Will this however be the situation?
July 10, 2025 6:24PM How is anybody alleged to rely on this Administration’s postings when they are basically biased and downright deceptive? Like Other people publishing on listed here, This is certainly absolutely nothing but gaslighting and fanfare. The facts espoused are spurious to say the minimum.
The facts? The freshly signed regulation is projected here to additional to weaken the Social Security method and its earnings. The SSA’s assertion is actually a blatant lie and falsely misrepresents the bill which was signed into regulation, along with its harm to retirees.
Persons declaring social safety Advantages that are below 65 or higher than These earning thresholds will see no tax profit.