The Social Protection Administration is spreading misinformation about Trump’s reconciliation Monthly bill, falsely claiming it eliminates federal money taxes on most retirees’ Added benefits.

It does so by offering an Improved deduction for taxpayers aged sixty five and older, guaranteeing that retirees can preserve extra of the things they attained.

Social Stability stays dedicated to offering well timed, correct data to the public and can go on Performing intently with federal partners to be certain beneficiaries know how this legislation could have an effect on them.

For that reason, the extra $6000 deduction and no taxes on SS suggests absolutely almost nothing to us. We're working with the upper expenditures but have obtained almost nothing Together with the passage with the BBB.

July 12, 2025 3:20PM So mainly, since I’m forty three and get SSDI this Monthly bill variations practically nothing for me Although I worked LONG Difficult hrs to get paid the minimal bit of cash that I do get… for the reason that among my partner And that i, we do make below $150k a year, but nevertheless ample that Component of mine is taken into account “taxable “

July 11, 2025 2:45PM I've recognized a distinction in how info is offered by SSA. I see no particular information on how this impacts me for the long run. I am seventy three now and would love to see our Gains not taxed. On the other hand, it’s a “I’ll believe that it Once i see it” post.

The brand new regulation features a provision that eradicates federal earnings taxes on Social Security Positive aspects for most beneficiaries, delivering aid to people and couples.

The bill makes sure that practically 90% of Social Protection beneficiaries will not pay federal revenue taxes on their Added benefits, providing meaningful and speedy reduction to seniors who have put in a lifetime contributing to our country’s financial state.

By drastically lowering the tax load on Gains, this legislation reaffirms President Trump’s promise to safeguard Social Stability and will help be certain that seniors can far better enjoy the retirement they’ve attained.”

July 13, 2025 6:13PM In the event you and/or your partner labored tricky for many years and the government took deductions for SS then Of course, a citizen justifies the payments they read more promised you in retirement. Far too terrible that a lot of citizens game the program and consider much more than they need to be entitled to get.

July twelve, 2025 eight:50PM You might be a single that will profit. Check with your tax person- but as I realize it, you are able to post a completely new withholding form to acquire considerably less taken out OR you'll be able to claim the $6k at tax time. I’m not a specialist but that’s how I read through it.

There is no adjust within the taxability of social security Added benefits. The Monthly bill only provides A short lived reward deduction of $6k for seniors 65+ and only earning down below $75k if One or $150k if married.

July fifteen, 2025 8:04AM I receive a smaller pension coupled with my social security every month. I've a social locker plugin for wordpress small expense account. If I pull cash out, it causes my revenue to move the revenue Restrict and my SSI is taxed. Will this even now be the case?

July 10, 2025 6:24PM How is any one purported to have faith in this Administration’s postings when they are basically biased and downright deceptive? Like Many others posting on listed here, This can be very little but gaslighting and fanfare. The facts espoused are spurious to state the least.

The facts? The freshly signed legislation is projected to even more to weaken the Social Protection application and its earnings. The SSA’s statement is actually a social locker plugin blatant lie and falsely misrepresents the bill that was signed into law, in addition to its harm to retirees.

People today proclaiming social protection Advantages that are below 65 or previously mentioned All those earning thresholds will see no tax benefit.