The Social Protection Administration is spreading misinformation about Trump’s reconciliation bill, falsely declaring it eradicates federal profits taxes on most retirees’ Rewards.

It does so by supplying an Increased deduction for taxpayers aged 65 and older, making sure that retirees can maintain much more of the things they gained.

Social Safety stays dedicated to giving timely, accurate facts to the public and may carry on Doing the job intently with federal partners to make certain beneficiaries understand how this legislation may well have an impact on them.

As a result, the additional $6000 deduction and no taxes on SS indicates Completely very little to us. We've been dealing with the higher prices but have acquired very little with the passage of your BBB.

July twelve, 2025 3:20PM So mainly, for the reason that I’m forty three and acquire SSDI this bill changes absolutely nothing for me Despite the fact that I labored Lengthy Really hard several hours to generate the minimal little bit of money that I do get… because among my spouse And that i, we do make beneath $150k a yr, but nonetheless enough that Component of mine is taken into account “taxable “

July eleven, 2025 two:45PM I have noticed a variance in the best way facts is offered by SSA. I see no unique info on how this has an effect on me for the long term. I am 73 now and would like to see our Added benefits not taxed. However, it’s a “I’ll believe it After i see it” write-up.

The brand new regulation features a provision that gets rid of federal revenue taxes on Social Safety Added benefits for most beneficiaries, furnishing reduction to individuals and couples.

The Monthly bill makes sure that practically ninety% of Social Stability beneficiaries will no longer shell out federal earnings taxes on their Positive aspects, furnishing meaningful and rapid reduction to seniors who have invested a lifetime contributing to our country’s economy.

By drastically lowering the tax burden on Advantages, this laws reaffirms President Trump’s assure to shield Social Security and helps be certain that seniors can better enjoy the retirement they’ve gained.”

July thirteen, 2025 6:13PM If you and/or your partner labored tough for many years and The federal government took deductions for SS then Certainly, a citizen warrants the payments they promised you in retirement. As well terrible that numerous citizens video game the process and consider in excess of they ought to be entitled to acquire.

July 12, 2025 eight:50PM You happen to be a person that can profit. Speak to your more info tax man or woman- but as I realize it, it is possible to submit a different withholding type to possess less taken out OR it is possible to declare the $6k at tax time. I’m not a specialist but that’s how I browse it.

There's no transform during the taxability of social stability Gains. The Invoice only presents A brief reward deduction of $6k for seniors 65+ and only earning down below $75k if Solitary or $150k if married.

July 15, 2025 8:04AM I receive a compact pension along with my social stability every month. I've a small expenditure account. If I pull income out, it leads to my profits to pass the money Restrict and my SSI is taxed. Will this continue to be the case?

July 10, 2025 social locker plugin 6:24PM How is anyone speculated to believe in this Administration’s postings when they're basically biased and downright deceptive? Like Other people putting up on in this article, That is practically nothing but gaslighting and fanfare. The click here points espoused are spurious to mention the minimum.

The points? The freshly signed legislation is projected to even more to weaken the Social Protection program and its income. The SSA’s statement can be a blatant lie and falsely misrepresents the Invoice that was signed into law, along with its damage to retirees.

People today claiming social security Added benefits who're beneath sixty five or earlier mentioned Those people earning thresholds will see no tax gain.