The Social Protection Administration is spreading misinformation about Trump’s reconciliation Monthly bill, falsely professing it eradicates federal money taxes on most retirees’ Positive aspects.

It does so by offering an enhanced deduction for taxpayers aged 65 and more mature, guaranteeing that retirees can maintain far more of the things they earned.

Social Safety stays dedicated to giving well timed, accurate details to the general public and will continue Functioning closely with federal companions to make certain beneficiaries understand how this legislation could have an affect on them.

Thus, the additional $6000 deduction and no taxes on SS implies Completely nothing at all to us. We're dealing with the higher costs but have been given very little Along with the passage from the BBB.

July 12, 2025 three:20PM So generally, mainly because I’m forty three and get SSDI this bill modifications practically nothing for me Although I worked Extensive Tricky several hours to get paid the tiny little bit of money which i do get… since in between my spouse And that i, we do make less than $150k a 12 months, but nonetheless enough that Element of mine is considered “taxable “

July 11, 2025 2:45PM I've seen a difference in the best way information and facts is presented by SSA. I see no particular details on how this affects me for the long run. I am seventy three now and would like to see our benefits not taxed. On the other hand, it’s a “I’ll consider it After i see it” short article.

The brand new regulation features a provision that gets rid of federal money taxes on Social Protection Gains for the majority of beneficiaries, giving relief to people today and partners.

The bill ensures that nearly ninety% of Social Security beneficiaries will now not pay back federal money taxes on their own Positive aspects, offering significant and immediate aid to seniors who may have put in a life span contributing to our country’s economic system.

By drastically cutting down the tax burden on Positive aspects, this legislation reaffirms President Trump’s guarantee to guard Social Security and allows be sure that seniors can greater enjoy the retirement they’ve earned.”

July 13, 2025 6:13PM Should you and/or your wife or husband worked hard for decades and The federal government took deductions for SS then Sure, a citizen justifies the payments they promised you in retirement. Also poor that so many citizens video game the system and just take over they must be entitled to receive.

July 12, 2025 eight:50PM You might be a person that can reward. Check with your tax man or woman- but as I comprehend it, you could submit a fresh withholding sort to possess less taken out OR you may claim the $6k at tax time. I’m not an authority but that’s how I go through it.

There isn't a transform within the taxability of social protection Positive aspects. The bill only presents A brief reward deduction of $6k for seniors 65+ and only earning under $75k if Single or $150k if married.

July fifteen, 2025 8:04AM I receive a smaller pension as well as my social security month to month. I have a small investment decision account. If I pull money out, it results in my cash flow to go the revenue Restrict and my SSI is taxed. Will this however be the case?

July ten, 2025 six:24PM How is any person supposed to here have faith in this Administration’s postings when they are fundamentally biased and downright misleading? Like Some others putting up on in this article, This can be almost nothing but gaslighting and fanfare. The specifics espoused are spurious to state the the here very least.

The details? The newly signed law is projected to further to weaken the website Social Stability application and its earnings. The SSA’s statement is really a blatant lie and falsely misrepresents the bill which was signed into regulation, and its damage to retirees.

Persons boasting social safety Rewards who are less than sixty five or earlier mentioned All those earning thresholds will see no tax advantage.