The Social Safety Administration is spreading misinformation about Trump’s reconciliation Monthly bill, falsely claiming it eliminates federal profits taxes on most retirees’ Added benefits.
It does so by supplying an Increased deduction for taxpayers aged 65 and older, making sure that retirees can hold extra of what they gained.
Social Safety remains devoted to giving well timed, accurate information and facts to the general public and may carry on Operating closely with federal associates to be certain beneficiaries understand how this legislation may possibly have an effect on them.
Therefore, the extra $6000 deduction and no taxes on SS implies Totally nothing at all to us. We have been working with the upper expenditures but have received nothing Along with the passage with the BBB.
July 12, 2025 3:20PM So fundamentally, mainly because I’m 43 and obtain SSDI this bill adjustments almost nothing for me Despite the fact that I worked Lengthy Difficult hours to earn the minor bit of cash that I do get… since between my husband And that i, we do make under $150k a year, but nevertheless more than enough that A part of mine is taken into account “taxable “
July eleven, 2025 two:45PM I have found a difference in just how information and facts is presented by SSA. I see no certain facts on how this has an effect on me for the long run. I'm seventy three now and would like to see our Positive aspects not taxed. Even so, it’s a “I’ll believe it After i see it” short article.
The new regulation includes a provision that removes federal income taxes on Social Protection Rewards for some beneficiaries, offering aid to individuals and partners.
The bill makes sure that virtually ninety% of Social Security beneficiaries will not fork out federal income taxes on their Added benefits, supplying meaningful and speedy relief to seniors who definitely have spent a life time contributing to our nation’s overall economy.
By substantially lessening the tax stress on Advantages, this legislation reaffirms President Trump’s promise to protect Social Stability and assists make sure that seniors can greater take pleasure in the retirement they’ve gained.”
July thirteen, 2025 six:13PM For those who and/or your husband or wife labored really hard for many years and The federal government took deductions for SS then Of course, a citizen warrants the payments they promised you in retirement. Far too undesirable that countless citizens match the process and just take in excess of they ought to be entitled to get.
July 12, 2025 eight:50PM That you are just one that could gain. Discuss with your tax particular person- but as I know it, you could submit a brand new withholding form to get considerably less taken out OR you are able to declare the $6k at read more tax time. I’m not an authority but that’s how I examine it.
There isn't any adjust during the taxability of social safety Rewards. The Monthly bill only presents social locker plugin for wordpress a temporary reward deduction of $6k for seniors 65+ and only earning under $75k if Solitary or $150k if married.
July fifteen, 2025 8:04AM I receive a small pension along with my social safety month-to-month. I have a small expense account. If I pull revenue out, it results in my cash flow to go the profits Restrict and my SSI is taxed. Will this however be the situation?
July ten, 2025 6:24PM How is any individual supposed to rely on this Administration’s postings when they are essentially biased and downright misleading? Like Other individuals putting up on here, This is certainly very little but gaslighting and fanfare. The details espoused are spurious to state the least.
The specifics? The freshly click here signed legislation is projected to even further to weaken the Social Security system and its profits. The SSA’s assertion is often a blatant lie and falsely misrepresents the Monthly bill which was signed into legislation, and also its damage to retirees.
People today claiming social security Advantages who are under 65 or above Individuals earning thresholds will see no tax reward.