The Social Security Administration is spreading misinformation about Trump’s reconciliation bill, falsely professing it eliminates federal profits taxes on most retirees’ Added benefits.

It does so by offering an enhanced deduction for taxpayers aged sixty five and older, ensuring that retirees can preserve far more of whatever they acquired.

Social Safety remains devoted to offering well timed, exact data to the general public and can carry on Doing the job carefully with federal companions to be sure beneficiaries know how this laws could influence them.

Therefore, the extra $6000 deduction and no taxes on SS signifies Unquestionably nothing to us. We're managing the higher charges but have gained nothing at all with the passage in the BBB.

July twelve, 2025 3:20PM So mainly, for the reason that I’m 43 and obtain SSDI this Invoice changes practically nothing for me Despite the fact that I worked Prolonged Challenging hrs to make the tiny little bit of cash that I do get… since in between my partner And that i, we do make beneath $150k a year, but nonetheless adequate that Portion of mine is taken into account “taxable “

July 11, 2025 2:45PM I have recognized a big difference in how data is offered by SSA. I see no certain info on how this impacts me for the long run. I'm 73 now and would like to see our Advantages not taxed. Nonetheless, it’s a “I’ll believe that it when I see it” report.

The brand new regulation includes a provision that eliminates federal income taxes on Social Security Rewards for most beneficiaries, giving reduction to individuals and partners.

The Invoice makes certain that approximately ninety% of Social Security beneficiaries will now not shell out federal profits taxes on their own Gains, furnishing significant and instant relief to seniors that have spent a lifetime contributing to our country’s economic system.

By appreciably minimizing the tax load on Rewards, this legislation reaffirms President Trump’s assure to shield Social more info Security and helps be certain that seniors can much better enjoy the retirement they’ve gained.”

July 13, 2025 six:13PM For those who and/or your spouse labored tough for many years and the government took deductions for SS then YES, a citizen justifies the payments they promised you in retirement. Way too poor that so many citizens recreation the procedure and just take more than they need read more to be entitled to acquire.

July 12, 2025 8:50PM You happen to be just one which will advantage. Speak with your tax human being- but as I website are aware of it, you are able to submit a fresh withholding sort to obtain a lot less taken out OR you may declare the $6k at tax time. I’m not an expert but that’s how I read it.

There isn't any improve in the taxability of social stability Advantages. The bill only gives A brief 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 get a modest pension along with my social safety monthly. I have a little expense account. If I pull income out, it will cause my income to move the cash flow limit and my SSI is taxed. Will this still be the situation?

July 10, 2025 six:24PM How is anyone alleged to have faith in this Administration’s postings when they're fundamentally biased and downright deceptive? Like Other people putting up on right here, this is practically nothing but gaslighting and fanfare. The info espoused are spurious to say the least.

The points? The recently signed legislation is projected to further to weaken the Social Safety software and its earnings. The SSA’s statement is often a blatant lie and falsely misrepresents the Invoice that was signed into legislation, and its damage to retirees.

Men and women saying social safety Positive aspects that are below sixty five or earlier mentioned All those earning thresholds will see no tax reward.