The Social Protection Administration is spreading misinformation about Trump’s reconciliation bill, falsely declaring it eradicates federal earnings taxes on most retirees’ Added benefits.
It does so by providing an Increased deduction for taxpayers aged 65 and more mature, ensuring that retirees can keep a lot more of whatever they attained.
Social Stability continues to be committed to delivering timely, correct facts to the public and will keep on Performing carefully with federal associates to make certain beneficiaries know how this laws may well have an affect on them.
For that reason, the extra $6000 deduction and no taxes on SS implies Unquestionably practically nothing to us. We are working with the upper fees but have acquired almost nothing Along with the passage of the BBB.
July twelve, 2025 3:20PM So in essence, simply because I’m 43 and acquire SSDI this Monthly bill changes practically nothing for me Regardless that I worked Very long Tough several hours to generate the very little little bit of cash which i do get… since concerning my spouse And that i, we do make less than $150k a 12 months, but nevertheless sufficient that part of mine is taken into account “taxable “
July eleven, 2025 2:45PM I have observed a big difference in how information and facts is offered by SSA. I see no distinct information on how this influences me for the long run. I am seventy three now and would like to see our Advantages not taxed. On the other hand, it’s a “I’ll believe that it when I see it” posting.
The brand new law includes a provision that eliminates federal money taxes on Social Protection Positive aspects for many beneficiaries, providing reduction to individuals and partners.
The bill ensures that practically 90% of Social Stability beneficiaries will now not spend federal cash flow taxes on their more info Added benefits, offering meaningful and speedy aid to seniors who have used a life time contributing to our nation’s economic climate.
By appreciably reducing the tax burden on Added benefits, this laws reaffirms President Trump’s assure to shield Social Stability and helps be certain that seniors can improved enjoy the retirement they’ve attained.”
July 13, 2025 6:13PM Should you and/or your spouse labored tricky for decades and The federal government took deductions for SS then Of course, a citizen justifies the payments they promised you in retirement. Far too terrible that a great number of citizens video game the process and acquire in excess of they ought to be entitled to get.
July 12, 2025 8:50PM You are a single that will reward. Discuss with your tax human being- but as I know it, you can submit a whole new withholding variety to acquire a lot less taken out OR you could assert the $6k at tax time. I’m not an authority but that’s how I browse it.
There is not any modify in the taxability of social security Positive aspects. The Invoice only provides a temporary bonus deduction of $6k for seniors sixty five+ and only earning under $75k if One or $150k if married.
July fifteen, 2025 8:04AM I receive a small pension coupled with my social safety regular monthly. I have a small investment account. If I pull dollars out, it triggers my profits to go the earnings limit and my SSI is taxed. website Will this even now be the situation?
July ten, 2025 6:24PM How is any individual imagined to belief this Administration’s postings when they are fundamentally biased and downright misleading? Like Other people submitting on listed here, this is practically nothing but gaslighting and fanfare. The information espoused are spurious to convey the the very least.
The info? The freshly signed regulation is projected to even further to weaken the Social Security program and its earnings. The SSA’s statement can be a blatant lie and falsely misrepresents the bill which was signed into legislation, social locker plugin as well as its harm to retirees.
Men and women professing social stability Rewards who are beneath sixty five or higher than All those earning thresholds will see no tax benefit.