The Social Protection 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 giving an Increased deduction for taxpayers aged sixty five and more mature, making certain that retirees can continue to keep a lot more of whatever they earned.
Social Safety stays committed to delivering well timed, precise information and facts to the public and can proceed Performing carefully with federal associates to make certain beneficiaries know how this laws may have an affect on them.
As a result, the extra $6000 deduction and no taxes on SS means Definitely nothing at all to us. We have been addressing the upper fees but have gained practically nothing With all the passage in the BBB.
July twelve, 2025 3:20PM So mainly, simply because I’m forty three and get SSDI this bill improvements nothing at all for me Though I worked Very long Really hard hrs to generate the small little bit of cash that I do get… simply because between my partner And that i, we do make below $150k a calendar year, but nevertheless sufficient that part of mine is taken into account “taxable “
July eleven, 2025 2:45PM I've seen a difference in how details is presented by SSA. I see no precise info on how this affects me for the long term. I'm 73 now and would like to see our benefits not taxed. However, it’s a “I’ll believe that it After i see it” report.
The new legislation includes a provision that gets rid of federal earnings taxes on Social Protection Advantages for many beneficiaries, providing aid to people and partners.
The bill ensures that just about ninety% of Social Security beneficiaries will not shell out federal profits taxes on their Rewards, giving significant get more info and quick relief to seniors who may have used a lifetime contributing to our nation’s overall economy.
By noticeably decreasing the tax stress on Gains, this legislation reaffirms President Trump’s promise to guard Social Safety and will help make sure seniors can greater enjoy the retirement they’ve gained.”
July thirteen, 2025 6:13PM When you and/or your husband or wife labored tricky for many years and the government took deductions for SS then YES, a citizen justifies the payments they promised you in retirement. Much too undesirable that lots of citizens game the procedure and choose more than they must be entitled to get.
July twelve, 2025 8:50PM You are a person that will profit. Talk with your tax particular person- but as I comprehend it, you'll be able to submit a new withholding variety to have a lot 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 is no improve from the taxability of social security Gains. The Invoice only presents a temporary bonus deduction of $6k for seniors sixty five+ and only earning down below $75k if Solitary or $150k if married.
July 15, 2025 8:04AM I get a little pension coupled with my social safety regular. I have a small investment account. If I pull income out, it causes my earnings to go the income limit and my SSI is taxed. Will this however be the situation?
July ten, 2025 6:24PM How is anyone alleged to have confidence in this Administration’s postings when they're fundamentally biased and downright deceptive? Like Other people publishing on here, This is certainly nothing at all but gaslighting and fanfare. The points espoused are spurious to say the least.
The details? The newly signed regulation is projected to further to weaken the Social Security method and its earnings. The SSA’s statement can be a blatant lie and falsely misrepresents the Invoice that was signed into law, together with its damage to retirees.
Persons claiming social security Positive aspects that are underneath sixty five or higher than those earning thresholds will see social locker plugin no tax benefit.