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

It does so by supplying an Increased deduction for taxpayers aged sixty five and older, making sure that retirees can hold much more of whatever they earned.

Social Security stays committed to furnishing well timed, accurate information and facts to the public and may continue on Performing carefully with federal associates to guarantee beneficiaries understand how this laws may impact them.

Thus, the extra $6000 deduction and no taxes on SS usually means Totally absolutely nothing to us. We are managing the higher expenditures but have gained almost nothing While using the passage in the BBB.

July twelve, 2025 three:20PM So fundamentally, since I’m 43 and get SSDI this Invoice variations absolutely nothing for me Despite the fact that I worked Lengthy Difficult hours to earn the little little bit of money that I do get… because between my partner And that i, we do make underneath $150k a yr, but still more than enough that Section of mine is taken into account “taxable “

July eleven, 2025 two:45PM I have found a big difference in the best way details is introduced by SSA. I see no distinct information on how this affects me for the long run. I am seventy three now and would love to see our benefits not taxed. Having said that, it’s a “I’ll believe that it when I see it” report.

The new legislation features a provision that removes federal money taxes on Social Safety Added benefits for most beneficiaries, furnishing reduction to persons and couples.

The Monthly bill ensures that just about 90% of Social Safety beneficiaries will now not spend federal money taxes on their Positive aspects, providing meaningful and fast aid to seniors who've expended a lifetime contributing to our nation’s financial state.

By noticeably decreasing the tax load on Positive aspects, this legislation reaffirms President Trump’s guarantee to safeguard Social Protection and allows make certain that seniors can improved enjoy the retirement they’ve earned.”

July 13, 2025 6:13PM When you and/or your wife or husband labored tricky for decades and the government took deductions for SS then YES, a citizen deserves the payments they promised you in retirement. Way too undesirable that countless citizens recreation the process and just take much more than they must be entitled to acquire.

July twelve, 2025 8:50PM You are a single that may reward. Check with your tax human being- but as I know it, you are able to submit a new withholding form to possess less taken out OR you may assert the $6k at tax time. I’m not a specialist but that’s how I read it.

There is absolutely no transform within the taxability of social stability Positive aspects. The bill only presents a temporary bonus deduction of $6k for seniors 65+ and only earning down below $75k if Solitary or $150k if married.

July website fifteen, 2025 8:04AM I get a little pension together with my social stability month to month. I've a little financial investment account. If I pull income out, it brings about my revenue to pass the profits Restrict and my SSI is taxed. Will this however be the case?

July ten, 2025 6:24PM How is everyone imagined to have faith in this Administration’s postings get more info when they're essentially biased and downright misleading? Like Other folks publishing on right here, This really is almost nothing but read more gaslighting and fanfare. The facts espoused are spurious to state the least.

The information? The newly signed regulation is projected to additional to weaken the Social Security plan and its profits. The SSA’s statement is often a blatant lie and falsely misrepresents the Monthly bill which was signed into regulation, together with its hurt to retirees.

People claiming social stability Rewards that are underneath 65 or earlier mentioned Those people earning thresholds will see no tax profit.