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The Social Safety Administration is spreading misinformation about Trump’s reconciliation bill, falsely claiming it eliminates federal revenue taxes on most retirees’ Positive aspects.

It does so by offering an enhanced deduction for taxpayers aged 65 and older, guaranteeing that retirees can retain extra of what they gained.

Social Security continues to be committed to providing timely, exact information and facts to the public and may go on Doing the job intently with federal companions to be certain beneficiaries understand how this legislation may perhaps have an impact on them.

Thus, the additional $6000 deduction and no taxes on SS signifies Totally nothing to us. We have been handling the upper charges but have obtained nothing While using the passage on the BBB.

July 12, 2025 3:20PM So in essence, for the reason that I’m 43 and acquire SSDI this bill improvements nothing at all for me even though I worked Very long HARD hours to get paid the small bit of cash that I do get… simply because in between my spouse And that i, we do make below $150k a yr, but nevertheless enough that Section of mine is considered “taxable “

July 11, 2025 2:45PM I have noticed a variation in just how info is presented by SSA. I see no particular knowledge on how this has an effect on me for the long term. I'm seventy three now and would like to see our benefits not taxed. Nevertheless, it’s a “I’ll think it when I see it” short article.

The brand new regulation includes a provision that eliminates federal earnings taxes on Social Security benefits for most beneficiaries, providing aid to website people and couples.

The bill makes certain that approximately ninety% of Social Safety beneficiaries will no longer spend federal income taxes on their benefits, providing significant and quick reduction to seniors who have used a life time contributing to our country’s economy.

By considerably lowering the tax stress on benefits, this laws reaffirms President Trump’s assure to shield Social Security and helps be sure that seniors can far better enjoy the retirement they’ve gained.”

July thirteen, 2025 6:13PM For those who and/or your husband or wife labored challenging for decades and The federal government took deductions for SS then Of course, a citizen justifies the payments they promised you in retirement. As well bad that a lot of citizens recreation the system and consider a lot more than they must be entitled to obtain.

July twelve, 2025 8:50PM You are one particular which will benefit. Check with your tax individual- but as I comprehend it, you'll be able to submit a brand new withholding sort to have significantly less taken out OR it is possible to claim the $6k at tax time. I’m not a professional but that’s how I browse it.

There's no improve inside the taxability of social protection Positive aspects. The Monthly bill only presents A brief reward deduction of $6k for seniors sixty five+ and only earning beneath $75k if Solitary or $150k if married.

July 15, 2025 eight:04AM social locker plugin I receive a modest pension in conjunction with my social security month to month. I have a small expense account. If I pull dollars out, it results in my cash flow to move the revenue Restrict and my SSI is taxed. Will this still be the situation?

July ten, 2025 six:24PM How is any person alleged to have confidence in this Administration’s postings when they are fundamentally biased and downright misleading? Like Many others publishing on listed here, this is nothing but gaslighting and fanfare. The points espoused are spurious to convey the the very least.

The details? The recently signed law is projected to more to weaken the Social Safety plan and its profits. The SSA’s statement is a blatant click here lie and falsely misrepresents the Monthly bill that was signed into legislation, as well as its damage to retirees.

People proclaiming social safety Added benefits who are beneath sixty five or higher than Individuals earning thresholds will see no tax gain.