The Social Security Administration is spreading misinformation about Trump’s reconciliation Monthly bill, falsely declaring it removes federal income taxes on most retirees’ Gains.

It does so by delivering an Increased deduction for taxpayers aged sixty five and older, making sure that retirees can preserve much more of whatever they gained.

Social Stability remains devoted to supplying well timed, correct facts to the public and can continue on Doing work intently with federal companions to ensure beneficiaries know how this laws may perhaps affect them.

Consequently, the extra $6000 deduction and no taxes on SS suggests Unquestionably nothing at all to us. We are managing the higher prices but have received nothing With all the passage from the BBB.

July 12, 2025 3:20PM So essentially, for the reason that I’m 43 and acquire SSDI this Invoice changes nothing for me Though I labored Extensive HARD hrs to receive the small bit of money which i do get… mainly because in between my husband And that i, we do make less than $150k a 12 months, but still sufficient that Portion of mine is considered “taxable “

July eleven, 2025 2:45PM I've recognized a variance in how info is introduced by SSA. I see no specific information on how this has an effect on me for the long run. I'm seventy three now and would like to see our Rewards not taxed. Having said that, it’s a “I’ll believe that it when I see it” short article.

The brand new regulation includes a provision that gets rid of federal income taxes on Social Security Advantages for many beneficiaries, offering relief to more info people today and couples.

The Invoice ensures that practically 90% of Social Security beneficiaries will no website more spend federal profits taxes on their Advantages, providing significant and quick relief to seniors who've used a life time contributing to our nation’s overall economy.

By noticeably decreasing the tax burden on Rewards, this legislation reaffirms President Trump’s promise to shield Social Stability and helps be certain that seniors can improved enjoy the retirement they’ve acquired.”

July thirteen, 2025 6:13PM When you and/or read more your wife or husband labored hard for many years and The federal government took deductions for SS then Indeed, a citizen justifies the payments they promised you in retirement. Far too terrible that countless citizens match the system and take in excess of they ought to be entitled to obtain.

July 12, 2025 eight:50PM You're a person which will advantage. Talk with your tax individual- but as I are aware of it, you'll be able to post a brand new withholding form to have significantly less taken out OR you can claim the $6k at tax time. I’m not an expert but that’s how I go through it.

There isn't a improve in the taxability of social safety Positive aspects. The Monthly bill only offers A short lived reward deduction of $6k for seniors sixty five+ and only earning below $75k if One or $150k if married.

July fifteen, 2025 eight:04AM I get a compact pension in conjunction with my social protection month to month. I have a small expense account. If I pull cash out, it will cause my income to go the revenue limit and my SSI is taxed. Will this even now be the case?

July 10, 2025 6:24PM How is everyone designed to have confidence in this Administration’s postings when they're basically biased and downright misleading? Like Other folks putting up on listed here, This can be absolutely nothing but gaslighting and fanfare. The info espoused are spurious to mention the minimum.

The information? The newly signed regulation is projected to further more to weaken the Social Safety plan and its earnings. The SSA’s statement is usually a blatant lie and falsely misrepresents the Invoice which was signed into law, along with its hurt to retirees.

Folks declaring social stability benefits who are beneath sixty five or previously mentioned All those earning thresholds will see no tax reward.