The Social Protection Administration is spreading misinformation about Trump’s reconciliation Monthly bill, falsely claiming it eradicates federal cash flow taxes on most retirees’ Gains.
It does so by giving an Increased deduction for taxpayers aged 65 and more mature, making sure that retirees can hold extra of what they attained.
Social Stability remains devoted to providing timely, precise information to the public and will continue on Operating carefully with federal associates to be sure beneficiaries know how this legislation may well impact them.
Thus, the extra $6000 deduction and no taxes on SS usually means Completely very little to us. We are managing the higher fees but have acquired almost nothing Along with the passage on the BBB.
July twelve, 2025 3:20PM So essentially, simply because I’m 43 and receive SSDI this Invoice variations practically nothing for me Despite the fact that I labored LONG Difficult hours to earn the small little bit of money that I do get… for the reason that between my husband And that i, we do make under $150k a year, but still adequate that Section of mine is considered “taxable “
July 11, 2025 two:45PM I have found a difference in just how information and facts is offered by SSA. I see no certain info on how this has an effect on me for the long run. I'm 73 now and would like to see our Rewards not taxed. Nevertheless, it’s a “I’ll believe it Once i see it” write-up.
The brand new law includes a provision that gets rid of federal earnings taxes on Social Security Gains for many beneficiaries, furnishing reduction to individuals and couples.
The Monthly bill makes certain that practically 90% of Social Security beneficiaries will now not pay back federal profits taxes on their own Advantages, furnishing meaningful and immediate aid to seniors which have used a lifetime contributing to our nation’s financial system.
By drastically reducing the tax load on Advantages, this laws reaffirms President Trump’s assure to safeguard Social Protection more info and can help make sure that more info seniors can improved enjoy the check here retirement they’ve attained.”
July 13, 2025 6:13PM Should you and/or your husband or wife labored hard for decades and the government took deductions for SS then Sure, a citizen deserves the payments they promised you in retirement. Too negative that countless citizens video game the technique and choose greater than they should be entitled to acquire.
July twelve, 2025 eight:50PM You're one particular that will advantage. Speak to your tax person- but as I understand it, you can submit a brand new withholding variety to acquire considerably less taken out OR you'll be able to assert the $6k at tax time. I’m not a specialist but that’s how I study it.
There isn't any improve while in the taxability of social security Added benefits. The bill only offers a temporary bonus deduction of $6k for seniors sixty five+ and only earning below $75k if Single or $150k if married.
July 15, 2025 eight:04AM I get a modest pension along with my social protection every month. I have a small expenditure account. If I pull revenue out, it causes my earnings to pass the money limit and my SSI is taxed. Will this nonetheless be the case?
July ten, 2025 six:24PM How is anybody supposed to trust this Administration’s postings when they are essentially biased and downright misleading? Like others putting up on listed here, This really is very little but gaslighting and fanfare. The details espoused are spurious to say the least.
The info? The recently signed regulation is projected to further to weaken the Social Security plan and its earnings. The SSA’s statement is often a blatant lie and falsely misrepresents the Invoice that was signed into law, as well as its hurt to retirees.
Men and women professing social stability Rewards that are beneath sixty five or above those earning thresholds will see no tax reward.