The Social Safety Administration is spreading misinformation about Trump’s reconciliation bill, falsely professing it gets rid of federal earnings taxes on most retirees’ Advantages.
It does so by offering an Increased deduction for taxpayers aged 65 and older, making certain that retirees can retain more of what they gained.
Social Safety stays devoted to delivering timely, correct information and facts to the general public and can keep on Doing the job closely with federal companions to make sure beneficiaries understand how this laws may have an effect on them.
Consequently, the additional $6000 deduction and no taxes on SS indicates absolutely nothing to us. We have been handling the higher expenditures but have received very little Together with the passage in the BBB.
July 12, 2025 three:20PM So basically, due to the fact I’m forty three and acquire SSDI this bill adjustments nothing for me Though I worked Very long Challenging several hours to receive the minimal bit of money which i do get… mainly because among my partner And that i, we do make beneath $150k a year, but nonetheless ample that Section of mine is considered “taxable “
July 11, 2025 2:45PM I've observed a variance in just how info is introduced by SSA. I see no certain facts on how this affects me for the long run. I am seventy three now and would love to see our Positive aspects not taxed. Having said that, it’s a “I’ll think it Once i see it” short article.
The new legislation features a provision that eliminates federal earnings taxes on Social Protection Positive aspects for most beneficiaries, offering relief to persons and partners.
The bill makes sure that virtually 90% of Social Stability beneficiaries will now not shell out federal earnings taxes on their Advantages, providing meaningful and speedy relief to seniors who may have put in a lifetime contributing to our country’s financial state.
By appreciably lessening the tax stress on Added benefits, this legislation reaffirms President Trump’s guarantee to guard Social Safety and helps ensure that seniors can better take pleasure in the retirement they’ve earned.”
July 13, 2025 six:13PM In case you and/or your husband or wife worked challenging for many years and The federal government took deductions for SS then Indeed, a citizen warrants the payments they promised you in retirement. Also undesirable that countless citizens match the program and get more info acquire over they should be entitled to obtain.
July 12, 2025 8:50PM That you are one particular that may benefit. Speak with your tax individual- but as I realize it, you'll be able to submit a different withholding sort to own considerably less taken out OR it is possible to claim the $6k at tax time. I’m not an expert but that’s how I read it.
There is absolutely no modify while in the taxability of social security Gains. The Invoice only presents A brief reward deduction of $6k for seniors 65+ and only earning down below $75k if One or $150k if married.
July 15, 2025 eight:04AM I get a modest pension in conjunction with my social safety month-to-month. I have a little expense account. If I pull revenue out, it causes my income to go the income limit and my SSI is read more taxed. Will this continue to be the case?
July 10, 2025 6:24PM How is any person alleged to belief this Administration’s postings when they are basically biased and downright misleading? Like Many others posting on listed here, This is certainly nothing but gaslighting and fanfare. The points espoused are spurious to say the least.
The specifics? The recently signed law is projected to more to weaken the Social Security application and its profits. The SSA’s statement can be a blatant lie and falsely read more misrepresents the bill which was signed into legislation, and its damage to retirees.
Persons proclaiming social protection Added benefits who're underneath 65 or higher than People earning thresholds will see no tax advantage.