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The Social Safety Administration is spreading misinformation about Trump’s reconciliation bill, falsely claiming it gets rid of federal profits taxes on most retirees’ Advantages.

It does so by delivering an Improved deduction for taxpayers aged 65 and more mature, making certain that retirees can hold additional of the things they earned.

Social Protection stays devoted to giving well timed, correct information to the general public and may carry on Operating intently with federal associates to guarantee beneficiaries know how this legislation may possibly affect them.

Therefore, the extra $6000 deduction and no taxes on SS suggests Certainly nothing at all to us. We're dealing with the higher expenditures but have acquired nothing at all With all the passage in the BBB.

July 12, 2025 3:20PM So fundamentally, mainly because I’m 43 and get SSDI this bill modifications nothing at all for me Though I labored Extensive Difficult several hours to get paid the little little bit of cash that I do get… mainly because in between my husband and I, we do make underneath $150k a year, but nevertheless adequate that part of mine is taken into account “taxable “

July 11, 2025 2:45PM I've noticed a difference in the way in which info is introduced by SSA. I see no particular info on how this impacts me for the long term. I am 73 now and would love to see our Added benefits not taxed. Having said that, it’s a “I’ll consider it when I see it” report.

The brand new legislation includes a provision that removes federal earnings taxes on Social Security Gains for most beneficiaries, delivering aid to persons and partners.

The Monthly bill makes certain that approximately 90% of Social Security beneficiaries will now not shell out federal cash flow taxes on their own Advantages, furnishing significant and quick reduction to seniors who definitely have expended a life time contributing to our country’s financial state.

By substantially cutting down the tax load on benefits, this legislation reaffirms President Trump’s guarantee to guard Social Protection and will help ensure that seniors can better benefit from the retirement they’ve acquired.”

July thirteen, 2025 six:13PM In case you and/or your spouse worked tricky for decades and the government took deductions for SS then Certainly, a citizen deserves the payments they promised you in retirement. Much too lousy that a lot of citizens match the program and choose in excess of they must be entitled to acquire.

July 12, 2025 eight:50PM You happen to be one particular which will advantage. Discuss with your tax particular person- but as I realize it, you are able to post a brand website new withholding kind to obtain a lot less taken out OR you may claim the $6k at tax time. I’m not a professional but that’s how I read it.

There's no transform in the taxability of social safety Positive aspects. The Invoice only gives A short lived bonus deduction of $6k for seniors sixty five+ and only earning below $75k if One or $150k if married.

July fifteen, 2025 eight:04AM I get a modest pension in addition to my social safety regular monthly. I've a little financial commitment account. If I pull money out, it causes my revenue to move the profits limit and my SSI is taxed. Will this even now be the case?

July ten, 2025 six:24PM How is any person designed to rely on this Administration’s postings when they're fundamentally biased and downright misleading? Like Other folks putting up on here, This really is nothing at all but gaslighting and fanfare. The details espoused are spurious to state the minimum.

The facts? The freshly signed legislation is projected to further to weaken the Social Safety system and its earnings. The SSA’s statement is really a blatant lie and falsely read more misrepresents the Monthly bill which was signed into legislation, and website its harm to retirees.

People today declaring social security benefits who are under 65 or higher than All those earning thresholds will see no tax gain.