The Social Protection Administration is spreading misinformation about Trump’s reconciliation Invoice, falsely claiming it eradicates federal profits taxes on most retirees’ Added benefits.

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

Social Safety stays devoted to giving timely, exact information and facts to the public and can carry on Operating carefully with federal associates to ensure beneficiaries understand how this legislation may perhaps have an effect on them.

Therefore, the extra $6000 deduction and no taxes on SS signifies Certainly nothing at all to us. We are handling the upper expenses but have received absolutely nothing Together with the passage with the BBB.

July 12, 2025 three:20PM So fundamentally, because I’m forty three and receive SSDI this bill improvements very little for me Although I worked Extensive HARD hrs to get paid the small little bit of cash which i do get… since among my partner and I, we do make less than $150k a year, but nonetheless enough that A part of mine is taken into account “taxable “

July eleven, 2025 two:45PM I've seen a distinction in the way in which details is presented by SSA. I see no distinct information on how this impacts me for the long term. I'm 73 now and would like to see our benefits not taxed. Nevertheless, it’s a “I’ll feel it Once i see it” post.

The brand new legislation includes a provision that eradicates federal earnings taxes on Social Security Positive aspects for most beneficiaries, offering aid to people today and partners.

The Invoice ensures that nearly 90% of Social Protection beneficiaries will now not fork out federal earnings taxes on their Gains, offering significant and instant relief to seniors which have invested a lifetime contributing to our nation’s economy.

By substantially lowering the tax burden on benefits, this legislation reaffirms President Trump’s assure to shield Social Stability and aids make certain that seniors can improved take pleasure in the retirement they’ve attained.”

July thirteen, 2025 6:13PM For those who and/or your wife or husband check here labored hard for many years and The federal government took deductions for SS then Sure, a citizen warrants the payments they promised you in retirement. Also terrible that so many citizens recreation the procedure and consider greater than they need to be entitled to get.

July 12, 2025 eight:50PM That you are a single that can benefit. Check with your tax man or woman- but as I know it, you are able to submit a brand new withholding kind to get less taken out OR you could declare the $6k at tax time. I’m not an authority but that’s how I study it.

There is not any change from the taxability of social security Added benefits. The Invoice only gives A short lived bonus deduction of $6k for seniors sixty five+ and only earning underneath $75k if Single or $150k if married.

July 15, 2025 eight:04AM I get a modest pension coupled with my social security monthly. I have a small investment account. If I pull funds out, it will cause my revenue to pass the earnings Restrict and my SSI is taxed. Will this continue to be the situation?

July ten, 2025 6:24PM How is any one supposed to rely on this Administration’s postings when they're essentially biased and downright misleading? Like Other people putting up on in this article, This really is very little but gaslighting and fanfare. The details espoused are spurious to state the the here very least.

The info? The newly signed law is projected to more to weaken the Social Protection application and its profits. The SSA’s assertion is actually a blatant lie and falsely misrepresents the Monthly bill which was signed into regulation, in more info addition to its hurt to retirees.

People today claiming social security Gains who're beneath 65 or above Those people earning thresholds will see no tax gain.