The Social Stability Administration is spreading misinformation about Trump’s reconciliation bill, falsely professing it eradicates federal money taxes on most retirees’ benefits.
It does so by giving an Increased deduction for taxpayers aged 65 and older, guaranteeing that retirees can preserve a lot more of the things they acquired.
Social Safety remains committed to supplying well timed, precise details to the general public and may go on Functioning closely with federal partners to ensure beneficiaries understand how this legislation could have an effect on them.
Consequently, the extra $6000 deduction and no taxes on SS implies Completely almost nothing to us. We are dealing with the higher expenditures but have received absolutely nothing Along with the passage from the BBB.
July twelve, 2025 three:20PM So basically, because I’m 43 and receive SSDI this bill improvements nothing for me Though I labored Very long HARD several hours to receive the small bit of cash which i do get… simply because amongst my partner And that i, we do make less than $150k a year, but still ample that Element of mine is taken into account “taxable “
July 11, 2025 2:45PM I've found a distinction in the best way information is introduced by SSA. I see no specific information on how this impacts me for the long term. I'm 73 now and would love to see our Positive aspects not taxed. Nonetheless, it’s a “I’ll believe that it Once i see it” write-up.
The new law features a provision that gets rid of federal cash flow taxes on Social Stability Advantages for the majority of beneficiaries, supplying relief to men and women and couples.
The bill ensures that virtually ninety% of Social Security beneficiaries will now not fork out federal money taxes on their Advantages, furnishing meaningful and immediate reduction to seniors that have spent a life span contributing to our nation’s economy.
By considerably lessening the tax load on Advantages, this laws reaffirms President Trump’s promise to shield Social Security and can help make sure that seniors can improved benefit from the retirement they’ve gained.”
July 13, 2025 6:13PM When you and/or your partner labored tricky for decades and the government took deductions for SS then Certainly, a citizen deserves the payments they promised you in retirement. Far too poor that lots of citizens sport the technique and choose in excess of they must be entitled to get.
July twelve, 2025 8:50PM You are one particular that can profit. Speak to your tax particular person- but as I realize it, you can post a fresh withholding form to possess less taken out OR you are able to claim the $6k at tax time. I’m not a specialist but that’s how I go through it.
There is no alter within the taxability of social security Gains. The bill only presents A brief bonus deduction of $6k for seniors sixty five+ and only earning underneath $75k if Single or $150k if married.
July fifteen, 2025 eight:04AM I receive a tiny pension as well as my social protection regular monthly. I've a small investment decision account. If I pull revenue out, it brings about my earnings to go the cash flow limit and my SSI is read more taxed. Will this continue to be the case?
July 10, 2025 6:24PM How is any person alleged to believe in this Administration’s postings when they're basically biased and website downright deceptive? Like others posting on here, this is nothing but gaslighting and fanfare. The specifics espoused are spurious to say the least.
The info? The freshly signed legislation is projected to further more to weaken the Social Safety application and its income. The SSA’s assertion can be a blatant lie and falsely misrepresents the Monthly bill which was signed into law, together with its hurt to retirees.
Individuals professing social stability Advantages who're beneath sixty five or earlier mentioned These earning thresholds will see no tax reward.