The Social Protection Administration is spreading misinformation about Trump’s reconciliation Invoice, falsely proclaiming it eradicates federal income taxes on most retirees’ Rewards.

It does so by providing an Increased deduction for taxpayers aged 65 and more mature, making certain that retirees can retain a lot more of the things they earned.

Social Protection remains dedicated to providing timely, correct facts to the public and will carry on Functioning intently with federal partners to be certain beneficiaries understand how this laws may have an affect on them.

Thus, the extra $6000 deduction and no taxes on SS signifies Totally nothing to us. We're handling the higher expenses but have gained almost nothing with the passage in the BBB.

July 12, 2025 3:20PM So essentially, since I’m 43 and receive SSDI this bill alterations almost nothing for me Despite the fact that I worked Lengthy HARD hrs to earn the small bit of money which i do get… for the reason that between my partner and I, we do make under $150k a 12 months, but nevertheless sufficient that Section of mine is taken into account “taxable “

July 11, 2025 two:45PM I have recognized a change in just how info is offered by SSA. I see no particular information on how this influences me for the long run. I am seventy three now and would love to see our Advantages not taxed. Having said that, it’s a “I’ll imagine it Once i see it” article.

The brand new legislation includes a provision that eliminates federal income taxes on Social Safety Positive aspects for many beneficiaries, supplying reduction to people today and couples.

The Monthly bill makes sure that almost ninety% of Social Protection beneficiaries will no longer shell out federal money taxes on their Positive aspects, providing meaningful and quick reduction to seniors who have invested a life time contributing to our country’s economic climate.

By appreciably reducing the tax burden on Positive aspects, this legislation reaffirms President Trump’s promise to guard Social Security and will help be certain website that seniors can improved take pleasure in the retirement they’ve attained.”

July 13, 2025 six:13PM When you and/or your husband or wife labored tough for many years and the government took deductions for SS then Of course, a citizen warrants the payments they promised you in retirement. Also bad that numerous citizens video game the procedure and choose much more than they ought to be entitled to get.

July 12, 2025 eight:50PM You are a person that should gain. Talk with your tax particular person- but as I realize it, you'll be able to post a fresh withholding variety read more to have less taken out OR you read more can declare the $6k at tax time. I’m not an expert but that’s how I study it.

There is absolutely no modify within the taxability of social security Gains. The Monthly bill only provides A short lived reward deduction of $6k for seniors 65+ and only earning below $75k if One or $150k if married.

July 15, 2025 eight:04AM I receive a smaller pension in addition to my social stability regular monthly. I've a small financial commitment account. If I pull cash out, it will cause my revenue to go the earnings Restrict and my SSI is taxed. Will this still be the situation?

July ten, 2025 6:24PM How is any individual imagined to belief this Administration’s postings when they are fundamentally biased and downright deceptive? Like Many others posting on in this article, This is often almost nothing but gaslighting and fanfare. The facts espoused are spurious to mention the minimum.

The info? The freshly signed law is projected to even further to weaken the Social Safety program and its profits. The SSA’s statement is actually a blatant lie and falsely misrepresents the Monthly bill which was signed into regulation, as well as its harm to retirees.

People claiming social stability benefits that are underneath sixty five or over All those earning thresholds will see no tax gain.