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

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

Social Stability stays devoted to furnishing well timed, accurate information and facts to the general public and may carry on Functioning carefully with federal companions to be sure beneficiaries understand how this legislation might have an affect on them.

Consequently, the additional $6000 deduction and no taxes on SS implies Definitely nothing at all to us. We have been dealing with the upper expenditures but have been given almost nothing Together with the passage on the BBB.

July 12, 2025 three:20PM So generally, mainly because I’m forty three and obtain SSDI this bill alterations absolutely nothing for me even though I worked Lengthy Tough hours to receive the tiny bit of cash that I do get… for the reason that involving my husband And that i, we do make underneath $150k a calendar year, but still adequate that Component of mine is taken into account “taxable “

July eleven, 2025 2:45PM I've observed a big difference in how facts is offered by SSA. I see no distinct facts on how this influences me for the long term. I am seventy three now and would like to see our Gains not taxed. Even so, it’s a “I’ll believe that it when I see it” write-up.

The new regulation features a provision that removes federal revenue taxes on Social Protection Advantages for many beneficiaries, offering reduction to persons and couples.

The Invoice ensures that nearly 90% of Social Security beneficiaries will now not pay out federal revenue taxes on their own Advantages, supplying meaningful and rapid relief to seniors which have invested a life span contributing to our nation’s website economic system.

By considerably lowering the tax burden on Gains, this legislation reaffirms President Trump’s assure to guard Social Stability and aids make sure seniors can greater enjoy the retirement they’ve attained.”

July thirteen, 2025 6:13PM Should you and/or your spouse worked tough for many years and the government took deductions for SS then Indeed, a citizen justifies the payments they promised you in retirement. As well negative that countless citizens sport the procedure and consider a lot more than they need to be entitled to acquire.

July twelve, 2025 eight:50PM You are one that may reward. Speak with your tax human being- but as I understand it, you'll be able to post a fresh withholding form to acquire much less taken out OR you are able to claim the $6k at tax time. I’m not a professional but that’s how I get more info read it.

There is no modify in the taxability of social safety Rewards. The Monthly bill only presents a temporary bonus deduction of $6k for seniors 65+ and only earning beneath $75k if Single or $150k if married.

July 15, 2025 eight:04AM I get a compact pension as well as my social protection month-to-month. I've a small financial commitment account. If I pull money out, it causes my income to pass the revenue limit and my SSI is taxed. Will this nevertheless be the situation?

July 10, 2025 six:24PM How is any individual alleged to have faith in this Administration’s postings when they're fundamentally biased and downright deceptive? Like Other folks posting on in this article, This is certainly practically nothing but gaslighting and fanfare. The specifics espoused are spurious to convey the least.

The facts? The newly signed legislation is projected to additional to weaken the Social Protection application and its revenue. The SSA’s statement is actually a blatant lie and falsely misrepresents the Monthly bill which was signed into regulation, and also its damage to retirees.

People today proclaiming social protection Added benefits that are less than sixty five or above Individuals earning thresholds will see no tax gain.