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The Social Security Administration is spreading misinformation about Trump’s reconciliation Invoice, falsely claiming it removes federal money taxes on most retirees’ benefits.

It does so by delivering an Improved deduction for taxpayers aged sixty five and older, guaranteeing that retirees can hold far more of what they attained.

Social Stability continues to be devoted to offering timely, correct info to the general public and will go on Doing work closely with federal partners to make certain beneficiaries know how this laws may possibly impact them.

Thus, the additional $6000 deduction and no taxes on SS usually means Completely almost nothing to us. We are coping with the upper charges but have acquired almost nothing While using the passage from the BBB.

July twelve, 2025 3:20PM So basically, simply because I’m 43 and receive SSDI this Invoice alterations very little for me Though I worked Extended Tough hrs to make the minimal little bit of cash which i do get… due to the fact between my partner And that i, we do make less than $150k a calendar year, but nonetheless ample that Element of mine is taken into account “taxable “

July 11, 2025 two:45PM I've found a big difference in the way in which info is offered by SSA. I see no certain data on how this has an effect on me for the long run. I'm seventy three now and would like to see our Added benefits not taxed. Even so, it’s a “I’ll feel it Once i see it” short article.

The new law includes a provision that removes federal profits taxes on Social Stability Rewards for many beneficiaries, offering reduction to people today and partners.

The Monthly bill makes certain that virtually ninety% of Social Protection beneficiaries will not pay out federal money taxes on their Gains, delivering meaningful and quick aid to seniors who may have expended a lifetime contributing to our country’s overall economy.

By noticeably lessening the tax load on Advantages, this legislation reaffirms President Trump’s assure to guard Social Protection and aids be sure that read more seniors can superior click here enjoy the retirement get more info they’ve gained.”

July thirteen, 2025 six:13PM Should you and/or your partner labored tough for many years and the government took deductions for SS then Of course, a citizen warrants the payments they promised you in retirement. Also bad that countless citizens sport the program and acquire a lot more than they must be entitled to receive.

July twelve, 2025 eight:50PM You might be one that will reward. Talk to your tax man or woman- but as I understand it, it is possible to submit a fresh withholding sort to acquire much less taken out OR you are able to claim the $6k at tax time. I’m not an expert but that’s how I study it.

There isn't any transform while in the taxability of social protection Gains. The Invoice only presents a temporary reward deduction of $6k for seniors sixty five+ and only earning beneath $75k if One or $150k if married.

July fifteen, 2025 8:04AM I receive a little pension in conjunction with my social protection month to month. I've a small financial investment account. If I pull money out, it brings about my cash flow to pass the income Restrict and my SSI is taxed. Will this nevertheless be the case?

July 10, 2025 six:24PM How is any person designed to believe in this Administration’s postings when they're fundamentally biased and downright deceptive? Like Other folks putting up on below, This is certainly nothing but gaslighting and fanfare. The facts espoused are spurious to state the least.

The information? The recently signed law is projected to more to weaken the Social Protection system and its profits. The SSA’s assertion is a blatant lie and falsely misrepresents the Invoice that was signed into regulation, as well as its hurt to retirees.

People today boasting social protection Rewards who will be underneath 65 or over These earning thresholds will see no tax advantage.