The Social Protection Administration is spreading misinformation about Trump’s reconciliation Monthly bill, falsely saying it removes federal revenue taxes on most retirees’ benefits.
It does so by delivering an Increased deduction for taxpayers aged 65 and more mature, ensuring that retirees can keep far more of whatever they earned.
Social Protection continues to be dedicated to offering timely, precise information and facts to the public and will keep on Doing the job closely with federal partners to guarantee beneficiaries know how this laws may have an impact on them.
Therefore, the extra $6000 deduction and no taxes on SS means Completely nothing at all to us. We have been working with the upper prices but have obtained nothing at all Along with the passage with the BBB.
July twelve, 2025 3:20PM So fundamentally, mainly because I’m 43 and receive SSDI this bill adjustments almost nothing for me Regardless that I labored Very long Challenging hours to generate the minor little bit of money which i do get… for the reason that amongst my spouse and I, we do make beneath $150k a 12 months, but still adequate that A part of mine is taken into account “taxable “
July eleven, 2025 2:45PM I have observed a distinction in how details is offered by SSA. I see no unique details on how this impacts me for the long run. I am seventy three now and would love to see our Advantages not taxed. However, it’s a “I’ll think it After i see it” write-up.
The brand new law features a provision that gets rid of federal income taxes on Social Security benefits for some beneficiaries, supplying relief to persons and couples.
The bill makes sure that nearly 90% of Social Safety beneficiaries will no longer pay back federal cash flow taxes on their Advantages, providing meaningful and rapid aid to seniors that have put in a life span contributing to our country’s financial system.
By significantly decreasing the tax load on Positive aspects, this laws reaffirms President Trump’s guarantee to guard Social Protection and can help ensure that seniors can much better enjoy the retirement they’ve acquired.”
July 13, 2025 six:13PM Should you and/or your husband or wife worked challenging for many years and the government here took deductions for SS then Indeed, a citizen warrants the payments they promised you in retirement. Also undesirable that numerous citizens recreation the method and consider over they need to be entitled to receive.
July 12, 2025 8:50PM You happen to be a single that may reward. Speak to your tax individual- but as I understand it, you can post a read more brand new withholding form to own 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 go through it.
There's no change during the taxability of social safety benefits. The Invoice only presents a temporary reward deduction of $6k for seniors 65+ and only earning click here down below $75k if Solitary or $150k if married.
July fifteen, 2025 8:04AM I receive a compact pension in conjunction with my social safety regular. I have a small financial commitment account. If I pull cash out, it leads to my profits to go the revenue Restrict and my SSI is taxed. Will this even now be the case?
July 10, 2025 six:24PM How is anyone designed to trust this Administration’s postings when they are essentially biased and downright misleading? Like Other people submitting on in this article, This really is almost nothing but gaslighting and fanfare. The facts espoused are spurious to mention the the very least.
The details? The newly signed law is projected to more to weaken the Social Safety method and its profits. The SSA’s statement is often a blatant lie and falsely misrepresents the Monthly bill which was signed into legislation, and also its hurt to retirees.
People boasting social stability Gains who're under 65 or above These earning thresholds will see no tax reward.