The Social Security Administration is spreading misinformation about Trump’s reconciliation Invoice, falsely professing it removes federal earnings taxes on most retirees’ Rewards.
It does so by providing an Improved deduction for taxpayers aged sixty five and older, guaranteeing that retirees can maintain additional of what they attained.
Social Safety stays committed to delivering timely, correct information to the general public and may continue Performing intently with federal associates to ensure beneficiaries know how this laws may perhaps have an impact on them.
For that reason, the extra $6000 deduction and no taxes on SS means Definitely practically nothing to us. We're working with the upper fees but have gained very little with the passage with the BBB.
July twelve, 2025 three:20PM So generally, for the reason that I’m forty three and get SSDI this bill variations very little for me even though I worked LONG HARD several hours to receive the minor bit of cash that I do get… since in between my partner And that i, we do make under $150k a calendar year, but nonetheless ample that Portion of mine is considered “taxable “
July eleven, 2025 2:45PM I have discovered a big difference in the way in which information and facts is presented by SSA. I see no specific details on how this influences me for the long run. I am 73 now and would like to see our Advantages not taxed. Nevertheless, it’s a “I’ll imagine it After i see it” short article.
The new legislation features a provision that gets rid of federal income taxes on Social Protection Advantages for the majority of beneficiaries, supplying aid to folks and partners.
The bill makes sure that just about 90% of Social Protection beneficiaries will no longer shell out federal money taxes on their Added benefits, offering meaningful and rapid aid to seniors who've expended a click here life span contributing to our country’s economic climate.
By drastically lessening the tax burden on Gains, this legislation reaffirms President Trump’s promise to protect Social Safety and will help make sure seniors can much better enjoy the retirement they’ve earned.”
July thirteen, 2025 six:13PM If you and/or your partner worked tough for decades and the government took deductions for SS then Sure, a citizen deserves the payments they promised you in retirement. Way too poor that countless citizens match the technique and just take in excess of they ought to be entitled to get.
July 12, 2025 eight:50PM You might be social locker plugin for wordpress 1 that can advantage. Speak to your tax person- but as I understand it, you are able to post a different withholding form to acquire considerably less taken out OR you are able to assert the $6k at tax time. I’m not an authority but that’s how I read it.
There isn't any change from the more info taxability of social security Gains. The Invoice only presents A brief reward deduction of $6k for seniors 65+ and only earning underneath $75k if One or $150k if married.
July 15, 2025 8:04AM I get a smaller pension in addition to my social stability regular monthly. I've a little investment decision account. If I pull revenue out, it leads to my money to pass the money Restrict and my SSI is taxed. Will this even now be the situation?
July ten, 2025 6:24PM How is any one designed to belief this Administration’s postings when they're fundamentally biased and downright deceptive? Like Other people submitting on right here, That is nothing but gaslighting and fanfare. The details espoused are spurious to mention the minimum.
The info? The recently signed regulation is projected to further more to weaken the Social Security software and its profits. The SSA’s assertion is usually a blatant lie and falsely misrepresents the bill which was signed into legislation, together with its hurt to retirees.
People today saying social security Advantages who're below 65 or previously mentioned These earning thresholds will see no tax advantage.