The Social Protection Administration is spreading misinformation about Trump’s reconciliation Invoice, falsely saying it eliminates federal money taxes on most retirees’ Advantages.
It does so by giving an enhanced deduction for taxpayers aged sixty five and more mature, making sure that retirees can hold much more of the things they acquired.
Social Protection remains dedicated to delivering timely, precise information to the public and may keep on Doing the job carefully with federal partners to ensure beneficiaries understand how this legislation may possibly influence them.
As a result, the additional $6000 deduction and no taxes on SS signifies Definitely nothing at all to us. We have been handling the higher expenditures but have acquired practically nothing Together with the passage in the BBB.
July twelve, 2025 three:20PM So basically, due to the fact I’m forty three and get SSDI this Monthly bill adjustments practically nothing for me Regardless that I worked Very long Really hard hrs to gain the minimal little bit of money that I do get… due to the fact amongst my spouse and I, we do make less than $150k a year, but nevertheless adequate that part of mine is taken into account “taxable “
July 11, 2025 two:45PM I have seen a difference in the best way information is offered by SSA. I see no unique info on how this has an effect on me for the long run. I am seventy three now and would love to see our benefits not taxed. Having said that, it’s a “I’ll think it After i see it” article.
The new law features a provision that removes federal income taxes on Social Security Advantages for most beneficiaries, delivering reduction to individuals and partners.
The Monthly bill makes certain that approximately ninety% of Social Safety beneficiaries will now not pay out federal revenue taxes on their Advantages, offering significant and instant relief to seniors who may have expended a lifetime contributing to our country’s economic system.
By drastically decreasing the tax stress on Positive aspects, this laws reaffirms President Trump’s guarantee to shield Social Protection and can help make certain that seniors can much better take pleasure in the retirement they’ve earned.”
July 13, 2025 six:13PM Should you and/or your husband or wife labored really hard for decades and The federal government took deductions for SS then Indeed, a citizen warrants the payments they promised you in retirement. Far too terrible that a lot of citizens video game the method and acquire more than they ought to be entitled to get.
July twelve, 2025 8:50PM You happen to be one that may profit. Speak to your tax person- but as I know it, you can post a different withholding variety to own significantly less taken check here out OR you could claim the $6k at tax time. I’m not an expert but that’s how I study it.
There isn't a alter within the taxability of social security Gains. The bill only gives A short lived bonus deduction social locker plugin for wordpress of $6k for seniors 65+ and only earning underneath $75k if One or $150k if married.
July fifteen, 2025 8:04AM I get a little pension as well as my social protection month to month. I've a small expenditure account. If I pull income out, it will cause my earnings to move the cash flow Restrict and read more my SSI is taxed. Will this even now be the case?
July 10, 2025 six:24PM How is anyone imagined to have faith in this Administration’s postings when they are essentially biased and downright deceptive? Like others publishing on right here, That is practically nothing but gaslighting and fanfare. The information espoused are spurious to mention the least.
The points? The freshly signed regulation is projected to even further to weaken the Social Stability plan and its profits. The SSA’s assertion is really a blatant lie and falsely misrepresents the Monthly bill that was signed into legislation, as well as its hurt to retirees.
People saying social stability Advantages who're under sixty five or above People earning thresholds will see no tax benefit.