The Social Stability Administration is spreading misinformation about Trump’s reconciliation Invoice, falsely professing it removes federal cash flow taxes on most retirees’ Added benefits.
It does so by offering an Improved deduction for taxpayers aged sixty five and older, making sure that retirees can hold far more of whatever they earned.
Social Safety remains devoted to supplying timely, exact facts to the general public and can go on Doing work carefully with federal companions to make sure beneficiaries know how this laws may possibly have an effect on them.
Consequently, the additional $6000 deduction and no taxes on SS indicates Unquestionably practically nothing to us. We have been handling the higher costs but have acquired practically nothing Together with the passage of the BBB.
July 12, 2025 3:20PM So basically, due to the fact I’m forty three and get SSDI this Invoice improvements almost nothing for me Although I worked Lengthy HARD hrs to gain the minor little bit of money that I do get… for the reason that concerning my partner And that i, we do make below $150k a 12 months, but nevertheless ample that Section of mine is considered “taxable “
July 11, 2025 2:45PM I've recognized a big difference in the way in which info is introduced by SSA. I see no certain information on how this has an effect on me for the long term. I'm seventy three now and would like to see our Positive aspects not taxed. Nonetheless, it’s a “I’ll consider it Once i see it” posting.
The new regulation includes a provision that eradicates federal revenue taxes on Social Security Positive aspects for most beneficiaries, delivering aid to folks and partners.
The Monthly bill ensures that practically ninety% of Social read more Stability beneficiaries will not pay back federal cash flow taxes on their own Gains, supplying meaningful and speedy reduction to seniors read more who definitely have invested a life time contributing to our nation’s economy.
By drastically lessening the tax stress on Advantages, this legislation reaffirms President Trump’s promise to guard Social Safety and can help make sure seniors can better enjoy the retirement they’ve attained.”
July 13, 2025 6:13PM For those who and/or your wife or husband labored really hard for many years and the government took deductions for SS then Indeed, a citizen warrants the payments they promised you in retirement. Also undesirable that lots of citizens game the procedure and consider greater than they must be entitled to acquire.
July 12, 2025 8:50PM You might be just one that could reward. Speak with your tax individual- but as I understand it, you can post a completely new withholding form to obtain considerably less taken out OR you may declare the $6k at tax time. I’m not an authority but that’s how I browse it.
There is absolutely no modify within the taxability of social protection benefits. The Invoice social locker plugin for wordpress only offers A short lived reward 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 little pension coupled with my social protection monthly. I have a little expense account. If I pull revenue out, it will cause my income to move the profits Restrict and my SSI is taxed. Will this however be the case?
July 10, 2025 6:24PM How is any one purported to belief this Administration’s postings when they are basically biased and downright deceptive? Like Other individuals posting on here, That is nothing but gaslighting and fanfare. The information espoused are spurious to state the the very least.
The details? The newly signed regulation is projected to further to weaken the Social Security program and its revenue. The SSA’s statement can be a blatant lie and falsely misrepresents the bill which was signed into regulation, together with its harm to retirees.
Individuals boasting social security Added benefits who will be below sixty five or previously mentioned All those earning thresholds will see no tax profit.