The Social Safety Administration is spreading misinformation about Trump’s reconciliation Invoice, falsely professing it eliminates federal money taxes on most retirees’ Gains.
It does so by delivering an Increased deduction for taxpayers aged 65 and older, ensuring that retirees can preserve more of whatever they attained.
Social Safety remains devoted to furnishing well timed, accurate data to the general public and may continue Doing work intently with federal associates to make certain beneficiaries know how this laws could influence them.
Consequently, the additional $6000 deduction and no taxes on SS signifies Certainly practically nothing to us. We've been managing the higher costs but have been given practically nothing Using the passage in the BBB.
July twelve, 2025 three:20PM So basically, since I’m 43 and get SSDI this bill variations nothing at all for me even though I worked Extended Tough hours to earn the small little bit of money that I do get… due to the fact amongst my husband And that i, we do make underneath $150k a yr, but nonetheless plenty of that Section of mine is considered “taxable “
July eleven, 2025 two:45PM I have recognized a difference in how information is offered by SSA. I see no precise data on how this impacts me for the long run. I am 73 now and would love to see our benefits not taxed. Having said that, it’s a “I’ll consider it After i see it” report.
The brand new law includes a provision that eradicates federal cash flow taxes on Social Stability Added benefits for many beneficiaries, providing reduction to individuals and couples.
The Invoice ensures that almost ninety% of Social Safety beneficiaries will now not pay out federal money taxes on their Rewards, furnishing significant and rapid aid to seniors who may have used a life span contributing to our nation’s financial system.
By considerably minimizing the tax load on Advantages, this legislation reaffirms President Trump’s promise to guard Social Safety and assists ensure that seniors can superior enjoy the retirement they’ve attained.”
July 13, 2025 six:13PM In case you and/or your wife or husband labored hard for many years and The federal government took deductions for SS then Certainly, a citizen justifies the payments they promised you in retirement. Too bad that a lot of citizens sport the method and consider greater than they need to be entitled to receive.
July twelve, 2025 8:50PM You happen to be a single that can benefit. Talk to your tax individual- but website as I understand it, you'll be able to submit a completely new withholding variety to own much less taken out OR you'll be able to claim the $6k at tax time. I’m not an expert but that’s how I browse it.
There is website absolutely no alter while in the taxability of social security benefits. The Monthly bill only offers a temporary reward deduction of $6k for seniors 65+ and only earning down below $75k if Single or $150k if married.
July fifteen, 2025 8:04AM I get a modest pension read more in conjunction with my social security regular. I have a small expense account. If I pull money out, it brings about my earnings to go the earnings Restrict and my SSI is taxed. Will this nevertheless be the situation?
July 10, 2025 six:24PM How is anyone purported to believe in this Administration’s postings when they are basically biased and downright deceptive? Like Other individuals submitting on here, This really is almost nothing but gaslighting and fanfare. The details espoused are spurious to mention the minimum.
The points? The newly signed law is projected to more to weaken the Social Protection method and its earnings. The SSA’s assertion is a blatant lie and falsely misrepresents the bill that was signed into legislation, together with its hurt to retirees.
People today saying social stability Gains who are underneath sixty five or earlier mentioned Those people earning thresholds will see no tax profit.