The Social Security Administration is spreading misinformation about Trump’s reconciliation bill, falsely proclaiming it removes federal cash flow taxes on most retirees’ Positive aspects.

It does so by offering an enhanced deduction for taxpayers aged sixty five and more mature, ensuring that retirees can keep far more of whatever they gained.

Social Safety continues to be dedicated to offering timely, exact information to the general public and will carry on Operating closely with federal partners to make sure beneficiaries understand how this legislation may well have an affect on them.

Consequently, the extra $6000 deduction and no taxes on SS indicates absolutely very little to us. We have been dealing with the higher fees but have obtained very little with the passage on the BBB.

July 12, 2025 3:20PM So in essence, mainly because I’m 43 and obtain SSDI this bill improvements very little for me Despite the fact that I labored Prolonged Difficult several hours to get paid the very little little bit of cash that I do get… mainly because in between my partner and I, we do make below $150k a calendar year, but nevertheless ample that Portion of mine is taken into account “taxable “

July eleven, 2025 two:45PM I have observed a difference in the way facts is offered by SSA. I see no specific facts on how this affects me for the long run. I am 73 now and would love to see our benefits not taxed. On the other hand, it’s a “I’ll imagine it when I see it” posting.

The brand new law features a provision that gets rid of federal cash flow taxes on Social Protection Added benefits for many beneficiaries, giving aid to people and partners.

The Invoice ensures that just about 90% of Social Protection beneficiaries will no more pay back federal money taxes on their own Added benefits, delivering significant and immediate reduction to seniors who definitely have used a lifetime contributing to our country’s economic climate.

By significantly lowering the tax load on Advantages, this laws reaffirms President Trump’s assure to protect Social Security and allows be sure that seniors can better take pleasure in the retirement they’ve acquired.”

July 13, 2025 6:13PM If you and/or your partner labored hard for decades and the government took deductions for SS then Certainly, a citizen justifies the payments they promised you in retirement. Far too terrible that numerous citizens recreation the technique and acquire in excess of click here they ought to be entitled to get.

July 12, 2025 8:50PM You are one particular that can benefit. Speak with your tax individual- but as I realize it, it is possible to post a different withholding sort to acquire fewer taken read more out OR you could assert the $6k at tax time. here I’m not a professional but that’s how I examine it.

There is not any adjust while in the taxability of social security benefits. The bill only presents a temporary reward deduction of $6k for seniors 65+ and only earning underneath $75k if Solitary or $150k if married.

July fifteen, 2025 8:04AM I get a compact pension in addition to my social safety every month. I have a small financial investment account. If I pull revenue out, it triggers my income to pass the profits limit and my SSI is taxed. Will this continue to be the case?

July 10, 2025 six:24PM How is any individual supposed to rely on this Administration’s postings when they are fundamentally biased and downright misleading? Like Some others posting on listed here, this is practically nothing but gaslighting and fanfare. The points espoused are spurious to mention the least.

The facts? The newly signed regulation is projected to further to weaken the Social Security plan and its income. The SSA’s statement can be a blatant lie and falsely misrepresents the Invoice which was signed into legislation, together with its damage to retirees.

Persons saying social protection Positive aspects who're beneath 65 or previously mentioned Those people earning thresholds will see no tax benefit.