The Social Protection Administration is spreading misinformation about Trump’s reconciliation Monthly bill, falsely boasting it eradicates federal income taxes on most retirees’ Advantages.
It does so by offering an Increased deduction for taxpayers aged sixty five and more mature, making certain that retirees can continue to keep far more of whatever they attained.
Social Stability remains dedicated to supplying timely, precise info to the general public and can carry on Functioning closely with federal companions to ensure beneficiaries know how this laws could influence them.
Consequently, the additional $6000 deduction and no taxes on SS indicates Definitely absolutely nothing to us. We're addressing the upper prices but have been given almost nothing Along with the passage from the BBB.
July 12, 2025 3:20PM So essentially, simply because I’m forty three and acquire SSDI this bill alterations almost nothing for me Though I labored Prolonged Difficult several hours to receive the minor bit of money which i do get… mainly because among my husband And that i, we do make under $150k a yr, but nonetheless more than enough that Element of mine is considered “taxable “
July eleven, 2025 2:45PM I've discovered a difference in the way details is introduced by SSA. I see no precise information on how this affects me for the long run. I'm seventy three now and would like to see our Advantages not taxed. However, it’s a “I’ll think it After i see it” post.
The new legislation includes a provision that gets rid of federal earnings taxes on Social Protection Gains for most beneficiaries, giving relief to persons and partners.
The bill makes certain that almost ninety% of Social Protection beneficiaries will not spend federal income taxes on their Positive aspects, supplying meaningful and quick relief to seniors who definitely have put in a life time contributing to our country’s economic system.
By noticeably reducing the tax burden on Rewards, this legislation reaffirms President Trump’s promise to guard Social Protection and allows ensure that seniors can greater benefit from the retirement they’ve click here attained.”
July 13, 2025 6:13PM Should you and/or your husband or wife labored really hard for many years and the government took deductions for SS then Indeed, a citizen justifies the payments they promised you in retirement. Way too negative that a lot of citizens game the system and consider here in excess of they must be entitled to obtain.
July 12, 2025 8:50PM You will be just one that will benefit. Talk to your tax person- but as I realize it, it is possible to submit a whole new withholding kind to get less taken out OR you may assert the $6k at tax more info time. I’m not an authority but that’s how I study it.
There's no change during the taxability of social protection Advantages. The Monthly bill only provides A short lived bonus deduction of $6k for seniors sixty five+ and only earning beneath $75k if One or $150k if married.
July 15, 2025 8:04AM I get a small pension together with my social stability every month. I have a little financial commitment account. If I pull income out, it causes my profits to move the cash flow limit and my SSI is taxed. Will this nevertheless be the situation?
July ten, 2025 6:24PM How is any individual imagined to rely on this Administration’s postings when they are fundamentally biased and downright misleading? Like Some others publishing on right here, That is very little but gaslighting and fanfare. The points espoused are spurious to convey the least.
The specifics? The freshly signed law is projected to additional to weaken the Social Safety application and its profits. The SSA’s assertion is a blatant lie and falsely misrepresents the Monthly bill which was signed into regulation, and its hurt to retirees.
Individuals professing social safety Added benefits that are underneath 65 or earlier mentioned All those earning thresholds will see no tax reward.