The Social Security Administration is spreading misinformation about Trump’s reconciliation bill, falsely declaring it eliminates federal profits taxes on most retirees’ benefits.

It does so by giving an enhanced deduction for taxpayers aged sixty five and more mature, guaranteeing that retirees can keep far more of whatever they gained.

Social Safety stays dedicated to furnishing timely, correct information to the public and can continue Functioning carefully with federal companions to make certain beneficiaries understand how this legislation may possibly have an impact on them.

Consequently, the additional $6000 deduction and no taxes on SS implies Definitely absolutely nothing to us. We are working with the upper costs but have received absolutely nothing Together with the passage of your BBB.

July twelve, 2025 three:20PM So mainly, since I’m 43 and acquire SSDI this Monthly bill alterations absolutely nothing for me Regardless that I labored Prolonged Tricky hours to gain the very little little bit of money that I do get… because amongst my partner And that i, we do make under $150k a 12 months, but nevertheless more than enough that part of mine is considered “taxable “

July eleven, 2025 two:45PM I've found a distinction in just how details is offered by SSA. I see no certain info on how this influences me for the long term. I'm 73 now and would like to see our Added benefits not taxed. Having said that, it’s a “I’ll consider it Once i see it” article.

The new regulation features a provision that eradicates federal revenue taxes on Social Stability Advantages for many beneficiaries, giving relief to people today and partners.

The Invoice makes sure that practically 90% of Social Security beneficiaries will no longer fork out federal income taxes on their own Rewards, furnishing significant and immediate reduction to seniors who may have put in a life time contributing to our nation’s economy.

By considerably lessening the tax stress on Advantages, this legislation reaffirms President Trump’s assure to guard Social Protection and will help ensure that seniors can improved benefit from the retirement they’ve earned.”

July thirteen, 2025 six:13PM When you and/or your husband or wife worked challenging for decades and the government took deductions for SS then Certainly, a citizen deserves the payments they promised you in retirement. Way too negative that so many citizens activity the system and just take over they must be entitled to acquire.

July 12, 2025 8:50PM You're a person that should reward. Speak with your tax person- but as I realize it, it is possible to post a different withholding form to have fewer taken out OR you may declare the $6k at tax time. I’m not a professional but that’s how I read it.

There isn't a adjust from the taxability of social safety Positive aspects. The Invoice only provides a temporary reward deduction of $6k for seniors sixty five+ and only earning beneath $75k if Single or $150k if married.

July 15, 2025 eight:04AM I receive a modest pension coupled with my social safety regular. I have a little investment decision account. If I pull dollars out, it brings about my profits to pass the revenue Restrict and my SSI is taxed. Will this nevertheless be the case?

July ten, 2025 six:24PM How is everyone speculated to rely check here on this Administration’s postings when they're fundamentally biased and downright deceptive? Like Some others submitting on in this article, This is often very little but gaslighting and fanfare. The info espoused are spurious to read more say the minimum.

The details? The recently signed legislation is projected to additional to weaken the Social Safety program and its income. The SSA’s statement is a blatant lie and falsely misrepresents the Invoice that was signed into legislation, along with its damage to website retirees.

People today boasting social security benefits who are beneath sixty five or above Individuals earning thresholds will see no tax reward.