The Social Security Administration is spreading misinformation about Trump’s reconciliation bill, falsely professing it gets rid of federal money taxes on most retirees’ Gains.

It does so by delivering an enhanced deduction for taxpayers aged sixty five and more mature, guaranteeing that retirees can keep much more of the things they attained.

Social Protection stays dedicated to furnishing timely, precise info to the general public and will carry on working closely with federal companions to be sure beneficiaries understand how this legislation may impact them.

As a result, the extra $6000 deduction and no taxes on SS means Unquestionably very little to us. We are working with the upper fees but have received absolutely nothing Using the passage from the BBB.

July 12, 2025 three:20PM So mainly, mainly because I’m forty three and acquire SSDI this Invoice modifications absolutely nothing for me even though I labored Lengthy Really hard hours to generate the minor bit of money which i do get… because amongst my spouse And that i, we do make beneath $150k a yr, but still sufficient that part of mine is considered “taxable “

July eleven, 2025 2:45PM I've seen a difference in how data is presented by SSA. I see no specific knowledge on how this has an effect on me for the long run. I am seventy three now and would love to see our Gains not taxed. However, it’s a “I’ll believe it Once i see it” posting.

The new law includes a provision that eradicates federal cash flow taxes on Social Safety Positive aspects for some beneficiaries, offering aid to people and partners.

The Monthly bill makes certain that just about 90% of Social Security beneficiaries will no longer pay federal profits taxes on their own Added benefits, providing significant and instant aid to seniors that have expended a life span contributing to our country’s economic climate.

By noticeably cutting down the tax load on benefits, this legislation reaffirms President Trump’s guarantee to shield Social Safety and allows make certain that seniors can much better take pleasure in the retirement they’ve gained.”

July thirteen, 2025 6:13PM If you and/or your spouse worked hard for decades and the government took deductions for SS then Of course, a citizen warrants the payments they promised you in retirement. Much too poor that a lot of citizens match the system and get read more much more than they should be entitled to acquire.

July 12, 2025 eight:50PM That you are a person that can benefit. social locker plugin Speak to your tax individual- but as I realize it, it is possible to post a completely new withholding kind to own less taken out OR you may claim the $6k at tax time. I’m not an expert but that’s how I examine it.

There's no adjust from the taxability of social security Gains. The bill only gives A short lived bonus deduction of $6k for seniors 65+ and only earning under $75k if Solitary or $150k if married.

July fifteen, 2025 8:04AM I receive a modest pension along with my social security regular monthly. I have a little expense account. If I pull money out, it causes my cash flow to move the income limit more info and my SSI is taxed. Will this even now be the case?

July 10, 2025 6:24PM How is everyone speculated to trust this Administration’s postings when they're basically biased and downright deceptive? Like Other folks submitting on right here, This really is nothing at all but gaslighting and fanfare. The specifics espoused are spurious to say the minimum.

The information? The freshly signed law is projected to further more to weaken the Social Safety program and its earnings. The SSA’s statement is really a blatant lie and falsely misrepresents the Invoice which was signed into legislation, and also its damage to retirees.

Folks declaring social protection benefits who will be under 65 or previously mentioned People earning thresholds will see no tax advantage.