The Social Security Administration is spreading misinformation about Trump’s reconciliation Invoice, falsely claiming it eradicates federal money taxes on most retirees’ Rewards.

It does so by delivering an Improved deduction for taxpayers aged 65 and older, ensuring that retirees can retain far more of the things they earned.

Social Safety continues to be committed to giving well timed, precise facts to the public and may continue on working carefully with federal companions to be certain beneficiaries understand how this legislation may perhaps have an affect on them.

Hence, the additional $6000 deduction and no taxes on SS means Definitely practically nothing to us. We've been working with the higher prices but have acquired almost nothing Together with the passage of your BBB.

July 12, 2025 three:20PM So generally, because I’m 43 and get SSDI this Monthly bill modifications almost nothing for me Although I labored Very long Difficult several hours to get paid the little bit of cash that I do get… since involving my spouse and I, we do make beneath $150k a year, but still more than enough that part of mine is taken into account “taxable “

July 11, 2025 two:45PM I have recognized a distinction in the way in which details is introduced by SSA. I see no distinct details on how this influences me for the long run. I am 73 now and would love to see our Gains not taxed. Having said that, it’s a “I’ll feel it After i see it” posting.

The new regulation features a provision that removes federal profits taxes on Social Protection Advantages for the majority of beneficiaries, offering relief to individuals and partners.

The Invoice ensures that virtually ninety% of Social Security beneficiaries will not pay federal cash flow taxes on their benefits, providing meaningful and rapid reduction to seniors that have put in a life here span contributing to our nation’s economic climate.

By drastically decreasing the tax load on benefits, this laws reaffirms President Trump’s guarantee to safeguard Social Security and assists be certain that seniors can far better benefit from the retirement they’ve earned.”

July thirteen, 2025 six:13PM If you and/or your husband or wife labored tough for many years and the government took deductions for SS then YES, a citizen deserves the payments they promised you in retirement. As well negative that a great number of citizens recreation the process and take in excess of they ought to be entitled to acquire.

July twelve, 2025 8:50PM You might be a person which will advantage. Speak with your tax particular person- but as I are aware of it, you are able to post a different withholding sort to have less taken out OR you'll be able to assert the social locker plugin for wordpress $6k at tax time. I’m not an authority but that’s how I study it.

There isn't any transform while in the taxability of social security Positive aspects. The Monthly bill click here only offers A short lived reward deduction of $6k for seniors sixty five+ and only earning down below $75k if Single or $150k if married.

July fifteen, 2025 8:04AM I receive a modest pension together with my social stability monthly. I have a little investment decision account. If I pull funds out, it brings about my money to pass the cash flow limit and my SSI is taxed. Will this nevertheless be the case?

July ten, 2025 6:24PM How is anybody purported to rely on this Administration’s postings when they are fundamentally biased and downright misleading? Like Other people posting on right here, This is often nothing but gaslighting and fanfare. The details espoused are spurious to convey the minimum.

The specifics? The newly signed regulation is projected to even further to weaken the Social Protection plan and its earnings. The SSA’s assertion is really a blatant lie and falsely misrepresents the Monthly bill which was signed into law, together with its harm to retirees.

Individuals claiming social stability Rewards that are below 65 or above Those people earning thresholds will see no tax gain.