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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 giving an Increased deduction for taxpayers aged sixty five and more mature, making sure that retirees can hold additional of the things they attained.

Social Security continues to be dedicated to giving timely, correct information to the general public and may carry on Doing work carefully with federal partners to make sure beneficiaries understand how this laws may well have an affect on them.

For that reason, the additional $6000 deduction and no taxes on SS indicates Totally nothing to us. We're working with the higher costs but have been given very little Along with the passage in the BBB.

July twelve, 2025 3:20PM So basically, mainly because I’m 43 and acquire SSDI this bill improvements almost nothing for me Despite the fact that I labored Extensive Challenging several hours to receive the small little bit of cash that I do get… mainly because between my spouse and I, we do make underneath $150k a calendar year, but still plenty of that part of mine is taken into account “taxable “

July 11, 2025 2:45PM I've seen a big difference in the way information is offered by SSA. I see no unique details on how this impacts me for the long run. I am 73 now and would like to see our Gains not taxed. However, it’s a “I’ll think it Once i see it” post.

The new law includes a provision that eliminates federal revenue taxes on Social Safety Rewards for the majority of beneficiaries, giving reduction to men and women and couples.

The bill ensures that approximately ninety% of Social Safety beneficiaries will not pay back federal cash flow taxes on their Gains, giving meaningful and instant relief to seniors who have used a life time contributing to our nation’s economic system.

By drastically reducing the tax stress on Gains, this legislation reaffirms President Trump’s assure to guard Social Stability and will help make certain that seniors can improved benefit from the retirement they’ve earned.”

July 13, 2025 six:13PM In case you and/or your wife or husband labored really hard for decades and The federal government took deductions for SS then Indeed, a citizen justifies the payments they promised you in retirement. Way too bad that lots of citizens recreation the process and consider much more than they need to be entitled to receive.

July 12, 2025 8:50PM That you are read more 1 that could profit. Speak to your tax particular person- but as I realize it, you can submit a brand new withholding kind to acquire less taken out OR you are able to claim the $6k at tax time. I’m not an authority but that’s how I study it.

There is absolutely no transform while in the taxability of social stability benefits. The bill only presents A brief bonus deduction of $6k for seniors sixty five+ and only earning underneath $75k if Solitary or $150k if married.

July fifteen, 2025 8:04AM I receive website a modest pension in addition to my social safety month-to-month. I've a small financial commitment account. If I pull dollars out, it will cause my profits to move the earnings Restrict and my SSI is taxed. Will this even now be the situation?

July ten, 2025 6:24PM How is everyone designed to belief this Administration’s postings when they are basically biased and downright misleading? Like Other individuals publishing on below, This can be almost nothing but gaslighting more info and fanfare. The info espoused are spurious to convey the minimum.

The information? The freshly signed law is projected to further more to weaken the Social Security program and its revenue. The SSA’s assertion is really a blatant lie and falsely misrepresents the Invoice that was signed into regulation, and also its hurt to retirees.

Folks saying social security Advantages who are less than sixty five or previously mentioned All those earning thresholds will see no tax profit.