The Social Stability Administration is spreading misinformation about Trump’s reconciliation bill, falsely claiming it eradicates federal income taxes on most retirees’ Advantages.

It does so by delivering an Improved deduction for taxpayers aged sixty five and older, making sure that retirees can hold additional of what they gained.

Social Security remains committed to offering well timed, precise information to the general public and can keep on Doing work intently with federal partners to make certain beneficiaries understand how this laws may well have an effect on them.

For that reason, the extra $6000 deduction and no taxes on SS usually means Certainly nothing to us. We have been handling the higher prices but have been given very little Along with the passage of the BBB.

July twelve, 2025 three:20PM So generally, since I’m 43 and acquire SSDI this Invoice changes absolutely nothing for me Regardless that I worked Very long Tough hrs to make the very little little bit of money which i do get… mainly because concerning my partner And that i, we do make under $150k a yr, but nonetheless more than enough that A part of mine is taken into account “taxable “

July eleven, 2025 two:45PM I've noticed a big difference in how information and facts is presented by SSA. I see no certain info on how this influences me for the long run. I am seventy three now and would like to see our Gains not taxed. Having said that, it’s a “I’ll feel it Once i see it” article.

The new legislation features a provision that eradicates federal income taxes on Social Stability Advantages for many beneficiaries, giving reduction to persons and couples.

The bill makes certain that approximately 90% of Social Stability beneficiaries will not fork out federal earnings taxes on their Positive aspects, providing meaningful and instant aid to seniors which have expended a life span contributing to our country’s economic climate.

By significantly reducing the tax burden on Added benefits, this laws reaffirms President Trump’s promise to guard Social Safety and helps make sure seniors can better benefit from the retirement they’ve earned.”

July thirteen, 2025 six:13PM When you and/or your spouse worked hard for many years and the government took deductions for SS then Of course, a citizen deserves the payments they promised you in retirement. Far too undesirable that a lot of citizens video game the system and acquire greater than they ought to be entitled to receive.

July 12, 2025 8:50PM That you are one particular that could benefit. Check with your tax man or woman- but as I comprehend it, it is possible to post a new withholding type to own fewer taken out OR you are able to claim the $6k at tax time. I’m not an authority but that’s how I read through it.

There isn't a improve during the taxability of social security benefits. The bill only presents A short lived reward deduction of $6k for seniors sixty five+ and only earning beneath $75k if One or $150k if married.

July fifteen, 2025 eight:04AM I receive a tiny pension as well as my social protection every month. I have a little investment account. If I social locker plugin for wordpress pull revenue out, it triggers my revenue to pass the money Restrict and my SSI is taxed. Will this however be the case?

July ten, 2025 6:24PM How is anybody supposed to belief this Administration’s postings when they are essentially biased and read more downright misleading? Like Many others putting up on here, This really is very little but gaslighting and fanfare. The specifics espoused are spurious to say the get more info minimum.

The facts? The recently signed law is projected to even further to weaken the Social Stability software and its revenue. The SSA’s statement is usually a blatant lie and falsely misrepresents the bill which was signed into legislation, along with its damage to retirees.

Folks saying social safety Added benefits who are below 65 or higher than These earning thresholds will see no tax profit.