The Social Protection Administration is spreading misinformation about Trump’s reconciliation bill, falsely declaring it eradicates federal revenue taxes on most retirees’ Gains.

It does so by delivering an enhanced deduction for taxpayers aged 65 and older, making certain that retirees can retain much more of what they attained.

Social Safety remains dedicated to giving well timed, accurate facts to the public and may continue on working closely with federal companions to be certain beneficiaries know how this laws may well have an affect on them.

Thus, the additional $6000 deduction and no taxes on SS means absolutely practically nothing to us. We are working with the upper fees but have received absolutely nothing Along with the passage of your BBB.

July 12, 2025 3:20PM So basically, since I’m 43 and obtain SSDI this Monthly bill changes nothing for me While I labored Extended Tricky hrs to get paid the little bit of cash which i do get… simply because amongst my husband And that i, we do make beneath $150k a calendar year, but still ample that Element of mine is taken into account “taxable “

July eleven, 2025 two:45PM I've discovered a big difference in just how data is introduced by SSA. I see no precise data on how this affects me for the long run. I am 73 now and would like to see our benefits not taxed. Even so, it’s a “I’ll think it when I see it” post.

The brand new law includes a provision that eliminates federal income taxes on Social Protection Gains for most beneficiaries, giving aid to click here folks and couples.

The Invoice makes certain that approximately ninety% of Social Protection beneficiaries will no longer spend federal revenue taxes on their own Advantages, offering meaningful and speedy aid to seniors who may have spent a life time contributing to our nation’s financial system.

By considerably reducing the tax load on Advantages, this laws reaffirms President Trump’s assure to safeguard Social Safety and allows make sure seniors can greater take pleasure in the retirement they’ve earned.”

July thirteen, 2025 six:13PM When you and/or your husband or wife worked really hard for many years and The federal government took deductions for SS then Certainly, a citizen deserves the payments they promised you in retirement. Way too poor that numerous citizens game the program and take a lot more than they must be entitled to acquire.

July twelve, 2025 eight:50PM You're one particular that will reward. Speak to your tax man or woman- but as I are aware of it, you can post a whole new withholding variety to possess significantly less taken out OR you'll be able to assert the $6k at tax time. I’m not an authority but website that’s how I examine it.

There isn't a change in the taxability of social safety Advantages. The bill only gives A short lived reward deduction of $6k for seniors sixty five+ and only earning beneath $75k if Single or $150k if married.

July 15, 2025 8:04AM I get a little pension in conjunction with my social safety regular monthly. I've a little investment decision account. If I pull cash out, it results in my earnings to pass the income Restrict and my SSI is taxed. Will this nevertheless be the situation?

July 10, 2025 six:24PM How is anyone imagined to rely on this Administration’s postings when they're essentially biased and downright deceptive? Like Other folks publishing on below, This is often absolutely nothing but gaslighting and fanfare. The facts espoused are spurious to say the the very least.

The info? The newly signed law is projected to even more to weaken the Social Protection method and its profits. The SSA’s statement is actually a blatant lie and falsely misrepresents the Invoice which was signed into law, and also its damage to retirees.

Persons professing social security Rewards who're under sixty five or above These earning thresholds will see no tax reward.