The Social Protection Administration is spreading misinformation about Trump’s reconciliation bill, falsely saying it eliminates federal income taxes on most retirees’ Added benefits.
It does so by furnishing an Improved deduction for taxpayers aged sixty five and more mature, making sure that retirees can preserve additional of what they attained.
Social Safety stays devoted to giving timely, accurate info to the general public and may continue on working intently with federal associates to make certain beneficiaries know how this legislation might affect them.
Thus, the additional $6000 deduction and no taxes on SS suggests Definitely nothing at all to us. We are managing the higher costs but have obtained almost nothing While using the passage with the BBB.
July 12, 2025 three:20PM So essentially, mainly because I’m forty three and get SSDI this bill improvements practically nothing for me Despite the fact that I labored Extended Tough hrs to receive the small bit of money which i do get… because among my husband And that i, we do make less than $150k a yr, but nonetheless plenty of that A part of mine is considered “taxable “
July 11, 2025 2:45PM I've discovered a variance in how details is offered by SSA. I see no unique facts on how this impacts me for the long term. I'm seventy three now and would love to see our Advantages not taxed. Nonetheless, it’s a “I’ll feel it After i see it” short article.
The new legislation includes a provision that removes federal money taxes on Social Stability Gains for the majority of beneficiaries, furnishing reduction to people today and couples.
The bill ensures that practically 90% of Social Safety beneficiaries will no more pay out federal earnings taxes on their read more own Rewards, supplying significant and quick relief to seniors who have spent a life span contributing to our nation’s economy.
By substantially minimizing the tax burden on Positive aspects, this laws reaffirms President Trump’s promise to guard Social Protection and can help make certain that seniors can here greater take pleasure in the retirement they’ve earned.”
July thirteen, 2025 six:13PM In case you and/or your wife or husband worked really hard for many years and the government took deductions for SS then YES, a citizen deserves the payments they promised you in retirement. Much too undesirable that numerous citizens recreation the process and get greater than they need to be entitled to get.
July 12, 2025 eight:50PM That you are one which will advantage. Discuss with your tax individual- but as I are aware of it, you'll be able to post a completely new withholding sort to get a lot less taken out OR you could claim the $6k at tax time. I’m not a professional but that’s how I go through it.
There's no improve during the taxability of social security Rewards. The Monthly bill only presents a temporary bonus deduction of $6k for seniors 65+ and only earning underneath get more info $75k if One or $150k if married.
July fifteen, 2025 eight:04AM I get a small pension as well as my social protection every month. I have a little expense account. If I pull dollars out, it results in my profits to move the profits Restrict and my SSI is taxed. Will this however be the case?
July ten, 2025 six:24PM How is anyone imagined to trust this Administration’s postings when they're basically biased and downright misleading? Like Some others publishing on in this article, This is often very little but gaslighting and fanfare. The points espoused are spurious to state the the very least.
The details? The recently signed regulation is projected to even further to weaken the Social Protection system and its earnings. The SSA’s statement is usually a blatant lie and falsely misrepresents the Monthly bill which was signed into regulation, along with its hurt to retirees.
People saying social protection benefits who're beneath 65 or earlier mentioned People earning thresholds will see no tax profit.