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

It does so by providing an Improved deduction for taxpayers aged sixty five and more mature, making certain that retirees can continue to keep much more of the things they gained.

Social Safety stays dedicated to providing well timed, exact information to the public and can continue Functioning carefully with federal companions to ensure beneficiaries understand how this legislation may possibly influence them.

Hence, the additional $6000 deduction and no taxes on SS signifies Definitely very little to us. We are addressing the upper fees but have gained absolutely nothing With all the passage of the BBB.

July twelve, 2025 3:20PM So generally, mainly because I’m 43 and receive SSDI this Monthly bill adjustments nothing at all for me Despite the fact that I worked Lengthy HARD several hours to receive the very little bit of cash that I do get… simply because between my spouse And that i, we do make underneath $150k a yr, but nonetheless plenty of that A part of mine is taken into account “taxable “

July 11, 2025 two:45PM I have found a variation in the way information and facts is presented by SSA. I see no certain details on how this impacts me for the long run. I am seventy three now and would like to see our benefits not taxed. Nonetheless, it’s a “I’ll think it when I see it” report.

The brand new legislation features a provision that gets rid of federal earnings taxes on Social Protection Advantages for most beneficiaries, offering reduction to individuals and partners.

The Invoice makes sure that approximately ninety% of Social Safety beneficiaries will no longer pay federal income taxes on their own Gains, delivering meaningful and quick relief to seniors who definitely have used a lifetime contributing to our nation’s financial state.

By substantially reducing the tax load on Advantages, this legislation reaffirms President Trump’s promise to safeguard Social Safety and allows be certain that seniors can superior take pleasure in the retirement they’ve attained.”

July thirteen, 2025 six:13PM In case you and/or your spouse worked really hard for decades and the government took deductions for social locker plugin for wordpress SS then Sure, a citizen warrants the payments they promised you in retirement. Too lousy that a lot of citizens video game the method and just take greater than they must be website entitled to receive.

July 12, 2025 eight:50PM You are just one that could advantage. Speak with your tax individual- but as I know it, it is possible to post a whole new withholding sort to acquire a lot less taken out OR you could declare the $6k at tax time. I’m not an expert but that’s how I read it.

There isn't a alter in the taxability of social protection Advantages. The Invoice only offers a temporary reward deduction of $6k for seniors sixty five+ and only earning below $75k if Solitary or $150k if married.

July 15, 2025 eight:04AM I get a smaller pension as well as my social security every month. I have a little investment decision account. If I pull money out, it will cause my income to move the money Restrict and my SSI is taxed. Will this nonetheless be the case?

July 10, 2025 six:24PM How is anybody alleged to belief this Administration’s postings when they're essentially biased and downright misleading? Like Some others submitting on here, This is certainly absolutely nothing but gaslighting and fanfare. The details espoused are spurious to say the minimum.

The facts? The recently signed legislation is projected to even further to weaken the Social Stability program and its revenue. The SSA’s assertion is a blatant lie and falsely misrepresents the Invoice that was signed into law, in addition to its hurt to retirees.

Persons boasting social safety Positive aspects who are below sixty five or higher than All those earning thresholds will see no tax profit.