The Social Safety Administration is spreading misinformation about Trump’s reconciliation bill, falsely professing it removes federal earnings taxes on most retirees’ benefits.
It does so by offering an Increased deduction for taxpayers aged sixty five and older, guaranteeing that retirees can maintain more of whatever they earned.
Social Protection stays dedicated to offering well timed, correct details to the general public and will keep on working closely with federal partners to make sure beneficiaries understand how this legislation may well have an affect on them.
As a result, the extra $6000 deduction and no taxes on SS suggests absolutely very little to us. We're managing the higher fees but have gained almost nothing with the passage from the BBB.
July 12, 2025 3:20PM So generally, mainly because I’m forty three and get SSDI this Invoice adjustments practically nothing for me While I labored Prolonged Really hard several hours to make the small bit of cash that I do get… mainly because in between my spouse and I, we do make under $150k a yr, but still ample that A part of mine is considered “taxable “
July eleven, 2025 2:45PM I've seen a distinction in just how facts is presented by SSA. I see no unique info on how this has an effect on me for the long run. I'm 73 now and would love to see our benefits not taxed. However, it’s a “I’ll imagine it when I see it” posting.
The new law includes a provision that removes federal money taxes on Social Security Added benefits for many beneficiaries, giving aid to men and women and partners.
The bill makes sure that approximately 90% of Social Safety beneficiaries will no more pay back federal earnings taxes on their own Added benefits, supplying meaningful and speedy relief to seniors who definitely have used a life span contributing to our nation’s financial system.
By considerably minimizing the tax stress on Positive aspects, this legislation reaffirms President Trump’s guarantee to shield Social Stability and aids make sure that seniors can much better benefit from the retirement they’ve gained.”
July thirteen, 2025 six:13PM In the event you and/or your spouse worked difficult for decades and the government took deductions for SS then YES, a citizen justifies the payments they promised you in retirement. Too bad that so many citizens game the method and take a lot more than check here they must be entitled to acquire.
July twelve, 2025 8:50PM You happen here to be 1 which will profit. Talk to your tax human being- but as I realize it, it is possible to submit a new withholding variety to acquire a lot less taken out OR it is possible to claim the $6k at tax time. I’m not an expert but that’s how I browse it.
There isn't a modify while in the taxability of social security Added benefits. The bill only gives A short lived reward deduction of $6k for seniors 65+ and only earning down below $75k if Solitary or $150k if married.
July 15, 2025 8:04AM I get a little pension along with my social protection month-to-month. I've a little expenditure account. If I pull money out, it leads to my earnings to move the money Restrict and my SSI is taxed. Will this however be the case?
July ten, 2025 6:24PM How is any person speculated to have faith in this Administration’s postings when they are fundamentally biased and downright deceptive? Like more info Many others posting on below, This can be almost nothing but gaslighting and fanfare. The details espoused are spurious to say the least.
The details? The newly signed legislation is projected to more to weaken the Social Stability software and its earnings. The SSA’s assertion is really a blatant lie and falsely misrepresents the bill that was signed into law, along with its damage to retirees.
People today saying social protection Positive aspects who are less than sixty five or previously mentioned Those people earning thresholds will see no tax advantage.