The Social Safety Administration is spreading misinformation about Trump’s reconciliation Invoice, falsely proclaiming it eliminates federal earnings taxes on most retirees’ Advantages.

It does so by giving an Improved deduction for taxpayers aged 65 and more mature, making certain that retirees can preserve a lot more of whatever they acquired.

Social Safety continues to be devoted to supplying well timed, precise data to the general public and can keep on Performing carefully with federal associates to guarantee beneficiaries understand how this laws could influence them.

For that reason, the extra $6000 deduction and no taxes on SS indicates Certainly very little to us. We're managing the higher charges but have obtained almost nothing with the passage with the BBB.

July twelve, 2025 3:20PM So mainly, because I’m 43 and receive SSDI this bill alterations nothing for me Although I labored Extensive Difficult several hours to receive the very little bit of cash that I do get… simply because among my spouse And that i, we do make beneath $150k a year, but nonetheless plenty of that A part of mine is considered “taxable “

July 11, 2025 2:45PM I have observed a change in the way in which information is presented by SSA. I see no distinct data on how this impacts me for the long run. I am seventy three now and would love to see our Added benefits not taxed. Even so, it’s a “I’ll imagine it After i see it” article.

The new law includes a provision that removes federal revenue taxes on Social Protection Gains for some beneficiaries, providing relief to individuals and partners.

The bill makes certain that approximately 90% of Social Security beneficiaries will now not shell out federal cash flow taxes on their Added benefits, offering meaningful and instant reduction to seniors who may have used a life time contributing to our country’s overall economy.

By noticeably decreasing the tax load on Gains, this legislation reaffirms President Trump’s assure to protect Social Stability and will help make certain that seniors can better take pleasure in the retirement they’ve attained.”

July thirteen, 2025 six:13PM In case you and/or your wife or husband labored tricky for decades and The federal government took deductions for SS then Sure, a citizen deserves the payments they promised you in retirement. Way too undesirable that lots of citizens activity the procedure and get in excess of they ought to be entitled to get.

July 12, 2025 eight:50PM That you more info are a person that could gain. Talk with your tax individual- but as I understand it, you could submit a brand new withholding sort to own less taken out OR it is possible to claim the $6k at tax time. I’m not an authority but that’s how I read through it.

There isn't any transform inside the taxability of social stability Advantages. The Invoice only gives a temporary bonus deduction of $6k for seniors sixty five+ and only earning down below $75k if One or $150k if married.

July fifteen, 2025 8:04AM I receive a modest website pension together with my social safety regular monthly. I have a small expense account. If I pull funds out, it will cause my income to move the cash flow limit and my SSI is taxed. Will this still be the situation?

July 10, 2025 6:24PM How is anyone imagined to believe in this Administration’s postings when they are basically biased and downright misleading? Like Some others posting on more info in this article, This is certainly practically nothing but gaslighting and fanfare. The information espoused are spurious to state the minimum.

The details? The freshly signed legislation is projected to further to weaken the Social Safety system and its earnings. The SSA’s assertion is usually a blatant lie and falsely misrepresents the Monthly bill that was signed into law, along with its damage to retirees.

Individuals boasting social protection Added benefits that are less than 65 or above People earning thresholds will see no tax reward.