The Social Security Administration is spreading misinformation about Trump’s reconciliation bill, falsely professing it eliminates federal profits 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 retain a lot more of whatever they gained.

Social Security continues to be dedicated to giving well timed, correct data to the general public and will go on working intently with federal associates to be sure beneficiaries know how this laws could impact them.

Therefore, the extra $6000 deduction and no taxes on SS indicates absolutely nothing at all to us. We're handling the higher charges but have received almost nothing Along with the passage on the BBB.

July 12, 2025 3:20PM So essentially, because I’m 43 and acquire SSDI this bill changes almost nothing for me Though I worked Lengthy HARD several hours to make the minimal little bit of cash that I do get… mainly because amongst my husband and I, we do make below $150k a 12 months, but nonetheless sufficient that Element of mine is taken into account “taxable “

July 11, 2025 2:45PM I've discovered a distinction in the best way info is presented by SSA. I see no particular facts on how this affects me for the long run. I'm 73 now and would love to see our Rewards not taxed. Nonetheless, it’s a “I’ll feel it After i see it” write-up.

The brand new legislation includes a provision that eliminates federal revenue taxes on Social Safety Positive aspects for most beneficiaries, giving relief to people today and partners.

The bill ensures that nearly ninety% of Social Safety beneficiaries will no more shell out federal cash flow taxes on their Rewards, providing meaningful and instant reduction to seniors who have spent a life time contributing to our more info nation’s economic climate.

By significantly lowering the tax stress on Gains, this legislation reaffirms President Trump’s guarantee to shield Social Stability and assists make sure that seniors can greater benefit from the retirement they’ve earned.”

July thirteen, 2025 six:13PM When you and/or your husband or wife worked tricky for decades and the government took deductions for SS then Certainly, a citizen justifies the payments they promised you in retirement. Much too poor that a lot of citizens recreation the program and choose a lot more than they need to be entitled to acquire.

July 12, 2025 8:50PM You happen to be a single that could advantage. Talk to your tax individual- but as I understand it, you can submit a different withholding form to own fewer taken out OR you may declare the $6k at tax time. I’m not an authority but that’s how I read it.

There isn't any transform in the taxability of social security Rewards. The Monthly bill only provides a temporary reward deduction of $6k for seniors sixty five+ and only earning under $75k if One or $150k if married.

July fifteen, 2025 eight:04AM I receive a little pension along with my social security monthly. I've a small financial commitment account. If I pull money out, it leads to my earnings to move the earnings Restrict and my SSI is taxed. Will website this continue to be the case?

July ten, 2025 six:24PM How is any one imagined to belief this Administration’s postings when they're basically biased and downright deceptive? Like Other individuals submitting on below, This really is nothing at all but gaslighting and fanfare. The details espoused are spurious to mention the the very least.

The points? The recently signed law is projected to even more to weaken the Social Safety program and its income. The SSA’s statement is really a blatant lie and falsely misrepresents the bill which was signed into law, as well as its harm to retirees.

Folks professing social safety Gains who are under 65 or above People earning thresholds will see no tax benefit.