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

It does so by furnishing an Increased deduction for taxpayers aged sixty five and more mature, making sure that retirees can keep much more of what they gained.

Social Stability continues to be dedicated to offering timely, correct facts to the general public and can keep on working intently with federal companions to make certain beneficiaries know how this legislation could influence them.

Thus, the additional $6000 deduction and no taxes on SS means Unquestionably absolutely nothing to us. We have been coping with the higher costs but have received practically nothing Together with the passage of your BBB.

July twelve, 2025 3:20PM So essentially, for the reason that I’m 43 and acquire SSDI this bill modifications nothing for me While I labored LONG HARD hrs to gain the minor little bit of money that I do get… mainly because between my spouse and I, we do make underneath $150k a yr, but nevertheless ample that A part of mine is considered “taxable “

July eleven, 2025 2:45PM I have found a distinction in the way in which information is offered by SSA. I see no unique details on how this influences me for the long run. I'm 73 now and would like to see our Positive aspects not taxed. Having said that, it’s a “I’ll believe that it when I see it” post.

The brand new law features a provision that removes federal profits taxes on Social Safety Advantages for most beneficiaries, giving check here aid to persons and partners.

The Monthly bill ensures that virtually 90% of Social Security beneficiaries will no more pay federal income taxes on their Rewards, click here giving meaningful and immediate relief to seniors who definitely have put in a life time contributing to our country’s financial state.

By considerably minimizing the tax stress on benefits, this laws reaffirms President Trump’s promise to protect Social Safety and aids be sure that seniors can much better enjoy the retirement they’ve earned.”

July 13, 2025 6:13PM If you and/or your husband or wife labored difficult for many years and the government took deductions for SS then Of course, a citizen justifies the payments they promised you in retirement. Far too bad that numerous citizens game the method and choose over they need to be entitled to get.

July twelve, 2025 8:50PM That you are one that can advantage. Discuss with your tax individual- but as I are aware of it, you may post a whole new withholding sort to own a lot less taken out OR you may claim the $6k at tax time. I’m not a specialist but that’s how I study it.

There is no transform inside the taxability of social protection Rewards. The bill only provides a temporary bonus deduction of $6k for seniors sixty five+ and only earning below $75k if Single or $150k if married.

July 15, 2025 eight:04AM check here I get a smaller pension coupled with my social safety month to month. I've a small expense account. If I pull funds out, it brings about my income to pass the income limit and my SSI is taxed. Will this nonetheless be the situation?

July ten, 2025 6:24PM How is any person purported to have confidence in this Administration’s postings when they are fundamentally biased and downright misleading? Like Many others publishing on in this article, This is often almost nothing but gaslighting and fanfare. The information espoused are spurious to convey the minimum.

The specifics? The freshly signed law is projected to even further to weaken the Social Safety plan and its profits. The SSA’s statement is a blatant lie and falsely misrepresents the bill which was signed into regulation, and also its damage to retirees.

Individuals claiming social protection Advantages who're beneath 65 or earlier mentioned Those people earning thresholds will see no tax gain.