The Social Protection Administration is spreading misinformation about Trump’s reconciliation bill, falsely professing it gets rid of federal income taxes on most retirees’ Added benefits.

It does so by delivering an enhanced deduction for taxpayers aged sixty five and older, guaranteeing that retirees can preserve additional of whatever they attained.

Social Stability remains committed to giving well timed, precise info to the general public and will proceed Doing the job closely with federal companions to make sure beneficiaries know how this laws may possibly have an impact on them.

For that reason, the extra $6000 deduction and no taxes on SS signifies Unquestionably nothing at all to us. We have been addressing the upper expenditures but have been given nothing While using the passage from the BBB.

July twelve, 2025 3:20PM So mainly, since I’m forty three and obtain SSDI this Invoice alterations absolutely nothing for me Although I labored LONG Really hard several hours to receive the minimal bit of money which i do get… since amongst my husband And that i, we do make underneath $150k a yr, but still ample that Section of mine is taken into account “taxable “

July eleven, 2025 two:45PM I've noticed a distinction in just how details is introduced by SSA. I see no specific information on how this has an effect on me for the long term. I'm seventy three now and would love to see our Advantages not taxed. Nevertheless, it’s a “I’ll consider it Once i see it” article.

The brand new law includes a provision that eliminates federal profits taxes on Social Safety Added benefits for many beneficiaries, giving aid to folks and couples.

The Monthly bill ensures that virtually ninety% of Social Stability beneficiaries will not pay back federal cash flow taxes on their own Rewards, giving meaningful and rapid reduction to seniors that have used a life time contributing to our country’s financial state.

By drastically lessening the tax burden on Advantages, this legislation reaffirms President Trump’s assure to guard Social Protection and allows make sure that seniors can greater benefit from the retirement they’ve gained.”

July 13, 2025 6:13PM In the event you and/or your spouse worked challenging for decades and the government took deductions for SS then Indeed, a citizen deserves the payments they promised you in retirement. Also undesirable that numerous citizens recreation the program and just take in excess of they must be entitled to obtain.

July 12, social locker plugin for wordpress 2025 8:50PM You happen to be one that can click here advantage. Talk with your tax individual- but as I know it, it is possible to post a fresh withholding kind to own check here considerably less taken out OR you'll be able to assert the $6k at tax time. I’m not an authority but that’s how I read through it.

There is no improve within the taxability of social safety benefits. The bill only provides a temporary 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 smaller pension in addition to my social security every month. I have a little investment decision account. If I pull revenue out, it triggers my money to pass the profits Restrict and my SSI is taxed. Will this even now be the situation?

July ten, 2025 six:24PM How is any one imagined to have confidence in this Administration’s postings when they are basically biased and downright deceptive? Like Other people submitting on right here, That is almost nothing but gaslighting and fanfare. The facts espoused are spurious to mention the least.

The info? The freshly signed law is projected to further to weaken the Social Protection software and its profits. The SSA’s assertion is a blatant lie and falsely misrepresents the bill which was signed into regulation, and its harm to retirees.

People today professing social safety Advantages who will be less than 65 or above People earning thresholds will see no tax gain.