The Social Safety Administration is spreading misinformation about Trump’s reconciliation Invoice, falsely declaring it eliminates federal cash flow taxes on most retirees’ Positive aspects.
It does so by delivering an Increased deduction for taxpayers aged sixty five and more mature, making certain that retirees can retain much more of the things they gained.
Social Security stays devoted to providing timely, correct information and facts to the public and will keep on working closely with federal partners to make sure beneficiaries know how this laws may well affect them.
Thus, the extra $6000 deduction and no taxes on SS means Totally nothing to us. We are handling the upper expenditures but have acquired almost nothing While using the passage of the BBB.
July 12, 2025 3:20PM So mainly, for the reason that I’m forty three and get SSDI this Invoice improvements very little for me Regardless that I worked Lengthy Challenging hours to make the minimal little bit of cash that I do get… for the reason that involving my spouse and I, we do make under $150k a calendar year, but nonetheless plenty of that part of mine is taken into account “taxable “
July 11, 2025 two:45PM I have seen a variation in the way in which information and facts is presented by SSA. I see no precise knowledge on how this impacts me for the long term. I'm 73 now and would love to see our Positive aspects not taxed. Nevertheless, it’s a “I’ll believe that it Once i see it” post.
The new legislation includes a provision that eradicates federal income taxes on Social Protection Rewards for most beneficiaries, supplying aid to individuals and couples.
The Invoice makes certain that practically ninety% of Social Stability beneficiaries will not shell out federal money taxes on their Rewards, providing meaningful and rapid aid to seniors who have used a lifetime contributing to our nation’s economy.
By appreciably minimizing the tax stress on Advantages, this legislation reaffirms President Trump’s promise to shield Social Security and allows be certain that seniors can improved benefit from the retirement check here they’ve earned.”
July thirteen, 2025 6:13PM For those who and/or your husband or wife worked hard for decades and The federal government took deductions for SS then YES, a citizen justifies the payments they promised you in retirement. Too terrible that lots of citizens game the system and choose more than they ought to be entitled to obtain.
July 12, 2025 eight:50PM You are 1 that may reward. Speak with your tax individual- but as I understand it, you can post a different withholding kind to get 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 go through it.
There isn't a adjust from the taxability of social stability Rewards. The bill only offers a temporary reward deduction of $6k for seniors 65+ and only earning below $75k if Solitary or $150k if married.
July fifteen, 2025 8:04AM I receive a small pension in conjunction with my social safety every month. I have a little expense account. If I pull revenue out, it brings about my money to move the social locker plugin for wordpress money limit and my SSI is more info taxed. Will this however be the situation?
July ten, 2025 6:24PM How is anyone designed to rely on this Administration’s postings when they are fundamentally biased and downright misleading? Like Some others posting on here, That is nothing but gaslighting and fanfare. The information espoused are spurious to mention the the very least.
The information? The recently signed regulation is projected to further more to weaken the Social Security system and its income. The SSA’s assertion is often a blatant lie and falsely misrepresents the Invoice which was signed into law, along with its hurt to retirees.
Persons saying social safety Gains who will be less than 65 or over People earning thresholds will see no tax profit.