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

It does so by giving an Increased deduction for taxpayers aged 65 and older, guaranteeing that retirees can preserve additional of what they attained.

Social Security stays dedicated to supplying timely, correct facts to the general public and can go on working intently with federal associates to make sure beneficiaries understand how this laws might have an impact on them.

Therefore, the extra $6000 deduction and no taxes on SS suggests Totally nothing at all to us. We've been working with the higher charges but have acquired very little Along with the passage of the BBB.

July twelve, 2025 3:20PM So in essence, since I’m forty three and receive SSDI this Invoice alterations nothing at all for me even though I labored LONG Tricky several hours to generate the very little little bit of money which i do get… simply because amongst my partner And that i, we do make beneath $150k a calendar year, but nonetheless enough that Section of mine is taken into account “taxable “

July 11, 2025 2:45PM I have discovered a variation in the way info is presented by SSA. I see no distinct knowledge on how this influences me for the long run. I'm seventy three now and would love to see our Rewards not taxed. Even so, it’s a “I’ll imagine it when I see it” article.

The brand new regulation includes a provision that gets rid of federal cash flow taxes on Social Safety Rewards for most beneficiaries, supplying relief to people today and couples.

The bill makes sure that virtually ninety% of Social Security beneficiaries will no more pay out federal money taxes on their benefits, giving meaningful and quick aid to seniors who've spent a lifetime contributing to our country’s financial state.

By significantly lowering the tax stress on Rewards, this legislation reaffirms President Trump’s guarantee to shield Social Protection and allows be sure that seniors can here better enjoy the retirement they’ve attained.”

July 13, 2025 6:13PM Should you and/or your partner worked difficult for many years and The federal government took deductions for SS then Certainly, a citizen warrants click here the payments they promised you in retirement. Far too lousy that a great number of citizens match the procedure and get a lot more than they need to be entitled to acquire.

July 12, 2025 eight:50PM You will be one which will benefit. Talk to your tax person- but as I realize it, you are able to submit a new withholding variety to acquire a lot less taken out OR you social locker plugin for wordpress are able to claim the $6k at tax time. I’m not a specialist but that’s how I go through it.

There is no adjust inside the taxability of social stability Advantages. The Monthly bill only gives A brief reward deduction of $6k for seniors sixty five+ and only earning beneath $75k if Solitary or $150k if married.

July fifteen, 2025 eight:04AM I get a little pension as well as my social protection every month. I've a small expenditure account. If I pull money out, it leads to my cash flow to move the profits limit and my SSI is taxed. Will this nonetheless be the case?

July ten, 2025 6:24PM How is anybody imagined to have faith in this Administration’s postings when they are fundamentally biased and downright deceptive? Like Other folks posting on below, That is nothing but gaslighting and fanfare. The points espoused are spurious to convey the minimum.

The points? The freshly signed law is projected to further more to weaken the Social Safety program and its earnings. The SSA’s statement is actually a blatant lie and falsely misrepresents the Monthly bill that was signed into regulation, in addition to its hurt to retirees.

Folks boasting social protection Advantages who're less than 65 or earlier mentioned Individuals earning thresholds will see no tax reward.