The Social Security Administration is spreading misinformation about Trump’s reconciliation bill, falsely declaring it gets rid of federal money taxes on most retirees’ benefits.
It does so by delivering an Increased deduction for taxpayers aged 65 and more mature, ensuring that retirees can continue to keep additional of what they earned.
Social Security remains committed to delivering well timed, correct info to the general public and will continue on Doing the job carefully with federal associates to be certain beneficiaries understand how this laws could have an impact on them.
As a result, the additional $6000 deduction and no taxes on SS signifies Certainly nothing at all to us. We've been managing the upper costs but have received very little Together with the passage from the BBB.
July 12, 2025 3:20PM So mainly, simply because I’m 43 and obtain SSDI this bill alterations almost nothing for me Though I worked LONG HARD several hours to receive the small little bit of money that I do get… simply because among my husband and I, we do make underneath $150k a yr, but still sufficient that part of mine is taken into account “taxable “
July 11, 2025 2:45PM I've observed a difference in the best way information is presented by SSA. I see no particular details on how this impacts me for the long run. I am 73 now and would love to see our Positive aspects not taxed. Having said that, it’s a “I’ll believe it Once i see it” post.
The brand new regulation features a provision that eliminates federal money taxes on Social Stability Rewards for the majority of beneficiaries, furnishing relief to men and women and partners.
The bill ensures that nearly ninety% of Social Stability beneficiaries will now not pay federal money taxes on their benefits, furnishing significant and quick aid to seniors who have used a life time contributing to our nation’s economic climate.
By website substantially reducing the tax stress on Gains, this legislation reaffirms President Trump’s assure to safeguard Social Stability and aids make sure seniors can greater take pleasure in the retirement they’ve acquired.”
July thirteen, 2025 six:13PM In the event you and/or your husband or wife labored tricky for many years and The federal government took deductions for SS then YES, a citizen deserves the payments they promised you in retirement. Far too poor that countless citizens recreation the procedure and get greater than they ought to be entitled click here to acquire.
July twelve, 2025 eight:50PM You will be one that should benefit. Speak to your tax person- but as I understand it, you are able to submit a brand new withholding kind to own considerably less taken out OR you may declare the $6k at tax time. I’m not an authority but that’s how I read through it.
There isn't a modify while in the taxability of social protection Added benefits. The bill only offers A short lived reward deduction of $6k for seniors sixty five+ and only earning underneath $75k if Single or $150k if married.
July 15, 2025 8:04AM I receive a small pension along with my social protection month-to-month. I have a little expense account. If I pull revenue out, it will cause my cash flow to go the revenue limit and my SSI is taxed. Will this however be the situation?
July 10, 2025 6:24PM How is any individual alleged to have confidence in this Administration’s postings when they are fundamentally biased and downright misleading? Like Some others submitting on here, That is nothing but gaslighting and fanfare. The details espoused are spurious to mention the minimum.
The details? website The freshly signed legislation is projected to additional to weaken the Social Protection system and its revenue. The SSA’s statement is often a blatant lie and falsely misrepresents the Invoice that was signed into regulation, together with its hurt to retirees.
Individuals declaring social stability Advantages who're less than 65 or higher than People earning thresholds will see no tax advantage.