The Social Security Administration is spreading misinformation about Trump’s reconciliation Invoice, falsely professing it removes federal money taxes on most retirees’ Added benefits.
It does so by offering an Increased deduction for taxpayers aged sixty five and more mature, guaranteeing that retirees can retain far more of whatever they attained.
Social Safety remains committed to providing well timed, accurate information and facts to the public and will carry on Doing work closely with federal associates to be certain beneficiaries know how this legislation could affect them.
For that reason, the extra $6000 deduction and no taxes on SS means Definitely practically nothing to us. We're coping with the upper expenses but have acquired almost nothing Together with the passage of your BBB.
July 12, 2025 three:20PM So basically, simply because I’m 43 and receive SSDI this Invoice variations nothing for me even though I worked Extensive Tricky several hours to make the tiny little bit of cash which i do get… due to the fact involving my husband And that i, we do make beneath $150k a yr, but still more than enough that Portion of mine is considered “taxable “
July 11, 2025 two:45PM I have seen a big difference in the way in which information and facts is offered by SSA. I see no particular information on how this influences me for the long run. I'm 73 now and would love to see our Advantages not taxed. Nonetheless, it’s a “I’ll consider it Once i see it” post.
The brand new law includes a provision that eradicates federal earnings taxes on Social Security Advantages for the majority of beneficiaries, offering reduction to people today and couples.
The Invoice ensures check here that virtually 90% of Social Safety beneficiaries will no more spend federal money taxes on their Added benefits, offering significant and rapid aid to seniors which have invested a life time contributing to our country’s financial system.
By noticeably reducing the tax burden on benefits, this laws reaffirms President Trump’s promise to safeguard Social Safety and allows be sure that seniors can superior benefit from the retirement they’ve attained.”
July thirteen, 2025 six:13PM In case 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. Also undesirable that lots of citizens game the technique and just take in read more excess of they need to be entitled to obtain.
July twelve, 2025 8:50PM You're a person that will reward. Talk with your tax individual- but as I comprehend it, you may post a new withholding kind to have less taken out OR you here could assert the $6k at tax time. I’m not an authority but that’s how I read through it.
There's no adjust in the taxability of social security Added benefits. The Invoice only provides A brief bonus deduction of $6k for seniors sixty five+ and only earning underneath $75k if One or $150k if married.
July 15, 2025 eight:04AM I receive a smaller pension in conjunction with my social safety regular. I have a little expense account. If I pull revenue out, it leads to my revenue to pass the money limit and my SSI is taxed. Will this still be the situation?
July ten, 2025 six:24PM How is any individual supposed to trust this Administration’s postings when they are fundamentally biased and downright deceptive? Like Other folks putting up on listed here, this is nothing at all but gaslighting and fanfare. The info espoused are spurious to say the least.
The details? The recently signed law is projected to further to weaken the Social Security program and its profits. The SSA’s assertion is a blatant lie and falsely misrepresents the bill that was signed into legislation, together with its hurt to retirees.
Individuals boasting social stability Rewards who're beneath 65 or previously mentioned All those earning thresholds will see no tax profit.