The Social Safety Administration is spreading misinformation about Trump’s reconciliation Invoice, falsely claiming it eradicates federal revenue taxes on most retirees’ benefits.
It does so by offering an Increased deduction for taxpayers aged sixty five and more mature, ensuring that retirees can retain a lot more of the things they earned.
Social Safety remains devoted to providing timely, accurate information to the general public and will continue on Doing the job closely with federal associates to ensure beneficiaries understand how this legislation may possibly impact them.
Consequently, the extra $6000 deduction and no taxes on SS implies Definitely nothing at all to us. We are working with the upper expenses but have received nothing Along with the passage with the BBB.
July twelve, 2025 3:20PM So generally, since I’m forty three and receive SSDI this Invoice improvements nothing at all for me Although I worked Prolonged HARD hrs to gain the small bit of money which i do get… because between my husband And that i, we do make underneath $150k a yr, but nonetheless enough that Component of mine is considered “taxable “
July eleven, 2025 2:45PM I've seen a variance in just how information is presented by SSA. I see no distinct facts on how this influences me for the long term. I am 73 now and would love to see our Advantages not taxed. Nonetheless, it’s a “I’ll think it when I see it” post.
The brand new legislation includes a provision that eliminates federal revenue taxes on Social Security benefits for some beneficiaries, providing aid to persons and couples.
The bill makes here sure that practically 90% of Social Stability beneficiaries will no more pay out federal earnings taxes on their own Added benefits, offering meaningful and immediate reduction to seniors who've used a life span contributing to our nation’s economic system.
By noticeably decreasing the tax stress on Gains, this laws reaffirms President Trump’s guarantee to protect Social Protection and aids make sure seniors can much better benefit from website the retirement they’ve earned.”
July thirteen, 2025 six:13PM For those who and/or your husband or wife worked challenging for many years and the government took deductions for SS then Certainly, a get more info citizen deserves the payments they promised you in retirement. Far too poor that so many citizens game the procedure and consider a lot more than they must be entitled to obtain.
July twelve, 2025 eight:50PM You're one particular that could gain. Check with your tax individual- but as I realize it, you can submit a new withholding form to get a lot less taken out OR you are able to assert the $6k at tax time. I’m not an expert but that’s how I read it.
There isn't a change inside the taxability of social security Added benefits. The bill only presents A short lived bonus deduction of $6k for seniors sixty five+ and only earning down below $75k if Single or $150k if married.
July 15, 2025 eight:04AM I get a smaller pension coupled with my social protection every month. I have a small investment account. If I pull money out, it brings about my income to move the revenue Restrict and my SSI is taxed. Will this continue to be the case?
July 10, 2025 6:24PM How is anyone supposed to belief this Administration’s postings when they're essentially biased and downright misleading? Like Many others putting up on in this article, That is practically nothing but gaslighting and fanfare. The details espoused are spurious to convey the least.
The facts? The newly signed legislation is projected to additional to weaken the Social Protection application and its income. The SSA’s assertion is often a blatant lie and falsely misrepresents the bill that was signed into regulation, together with its harm to retirees.
People boasting social stability Positive aspects who are under 65 or higher than Those people earning thresholds will see no tax reward.