The Social Safety Administration is spreading misinformation about Trump’s reconciliation bill, falsely declaring it gets rid of federal income taxes on most retirees’ Positive aspects.

It does so by offering an Increased deduction for taxpayers aged sixty five and older, ensuring that retirees can keep more of what they gained.

Social Safety stays devoted to providing well timed, correct details to the public and may continue Performing intently with federal companions to guarantee beneficiaries know how this legislation may possibly influence them.

Thus, the extra $6000 deduction and no taxes on SS signifies Totally absolutely nothing to us. We've been managing the higher expenses but have obtained very little Along with the passage from the BBB.

July 12, 2025 three:20PM So fundamentally, due to the fact I’m forty three and receive SSDI this Monthly bill improvements nothing for me Although I worked Lengthy Tough several hours to get paid the very little bit of cash which i do get… for the reason that concerning my husband And that i, we do make underneath $150k a calendar year, but nonetheless plenty of that Component of mine is taken into account “taxable “

July 11, 2025 two:45PM I have discovered a distinction in the way information and facts is presented by SSA. I see no particular info on how this impacts me for the long run. I am 73 now and would like to see our Advantages not taxed. Even so, it’s a “I’ll feel it Once i see it” post.

The new law includes a provision that eliminates federal cash flow taxes on Social Safety Added benefits for many beneficiaries, delivering relief to folks and partners.

The bill makes sure that practically ninety% of Social Safety beneficiaries will no more shell out federal profits taxes on their Added benefits, supplying meaningful and rapid aid to seniors who may have used a life span contributing to our country’s financial system.

By considerably lowering the tax burden on Advantages, this legislation reaffirms President Trump’s promise to shield Social Safety and helps be sure that seniors can superior benefit from the retirement they’ve earned.”

July 13, 2025 6:13PM In the event you and/or your partner labored here difficult for decades and The federal government took deductions for SS then Indeed, a citizen justifies the social locker plugin payments they promised you in retirement. Way too terrible that a great number of citizens activity the process and acquire in excess of they should be entitled to get.

July twelve, 2025 eight:50PM You happen to be just one that could reward. Speak to your tax man or woman- but as I are aware of it, it is possible to post a fresh withholding sort to have a lot less taken out OR you could assert the $6k at tax time. I’m not an expert but that’s how I go through it.

There isn't any transform from the taxability of social protection benefits. The bill only presents A short lived reward deduction of $6k for seniors sixty five+ and only earning under $75k if One or $150k if married.

July fifteen, 2025 8:04AM I receive a tiny pension together with my social security regular. I've a little financial investment account. If I pull dollars out, it leads to my income to go the money limit and my SSI is taxed. Will this however be the situation?

July ten, 2025 six:24PM How is everyone speculated to have faith in this Administration’s postings when they're fundamentally biased and downright deceptive? Like Other folks publishing on below, This is certainly practically nothing but gaslighting and fanfare. The information espoused are spurious to state the least.

The details? The newly signed legislation is projected to further to weaken the Social Security software and its revenue. The SSA’s statement is really a blatant lie and falsely misrepresents the Invoice which was signed into law, together with its hurt to retirees.

People proclaiming social safety Gains who are underneath 65 or previously mentioned Individuals earning thresholds will see no tax gain.