The Social Security Administration is spreading misinformation about Trump’s reconciliation Monthly bill, falsely proclaiming it eradicates federal income taxes on most retirees’ benefits.

It does so by supplying an Improved deduction for taxpayers aged sixty five and older, ensuring that retirees can preserve a lot more of the things they earned.

Social Security stays devoted to furnishing timely, precise data to the general public and may proceed Doing work closely with federal associates to make sure beneficiaries know how this legislation may possibly have an affect on them.

Therefore, the additional $6000 deduction and no taxes on SS indicates Unquestionably nothing at all to us. We're addressing the higher fees but have been given practically nothing With all the passage with the BBB.

July twelve, 2025 3:20PM So mainly, due to the fact I’m 43 and acquire SSDI this Invoice variations very little for me Despite the fact that I labored LONG Tricky hrs to generate the tiny bit of money that I do get… due to the fact concerning my spouse and I, we do make below $150k a calendar year, but nonetheless adequate that Portion of mine is considered “taxable “

July eleven, 2025 two:45PM I've observed a distinction in the way information is introduced by SSA. I see no specific knowledge on how this has an effect on me for the long run. I am 73 now and would love to see our Advantages not taxed. Having said that, it’s a “I’ll imagine it After i see it” article.

The brand new regulation features a provision that eradicates federal revenue taxes on Social Security Rewards for the majority of beneficiaries, providing aid to people and partners.

The bill ensures that virtually 90% of Social social locker plugin for wordpress Protection beneficiaries will no longer spend federal income taxes on their benefits, offering meaningful and immediate relief to seniors who definitely have spent a life span contributing to our nation’s economy.

By significantly lessening the tax burden on Advantages, this laws reaffirms President Trump’s assure to shield Social read more Safety and helps ensure that seniors can improved enjoy the retirement they’ve acquired.”

July thirteen, 2025 6:13PM If you and/or your wife or husband worked difficult for many years and The federal government took deductions for SS then Sure, a citizen warrants the payments they promised you in retirement. Too poor that lots of citizens sport the procedure and consider a lot more than they should be entitled to acquire.

July twelve, 2025 eight:50PM You will be one that may gain. Discuss with your tax individual- but as I comprehend it, you may post a whole new withholding sort to own significantly less taken out OR it is possible to assert the $6k at tax time. I’m not an expert but that’s how I read it.

There isn't any transform from the taxability of social protection Added benefits. The Monthly bill only presents A brief reward deduction of $6k for seniors 65+ and only earning beneath $75k if Single or $150k if married.

July fifteen, 2025 8:04AM I get a modest pension together with my social stability regular monthly. I've a small investment account. If I pull dollars out, it brings about my income to go the revenue limit and my SSI is taxed. Will this nevertheless be the situation?

July 10, 2025 6:24PM How is everyone imagined to rely on this Administration’s postings when they are fundamentally biased and downright deceptive? Like Other people publishing on right here, This can be absolutely nothing but gaslighting and fanfare. The information espoused are spurious to state the least.

The facts? The recently signed legislation is projected to even more to weaken the Social Stability program and its income. The SSA’s assertion click here is usually a blatant lie and falsely misrepresents the bill that was signed into regulation, along with its harm to retirees.

Individuals proclaiming social stability Gains who will be beneath sixty five or previously mentioned those earning thresholds will see no tax advantage.