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The Social Protection Administration is spreading misinformation about Trump’s reconciliation bill, falsely claiming it eradicates federal earnings taxes on most retirees’ benefits.

It does so by providing an Improved deduction for taxpayers aged sixty five and more mature, ensuring that retirees can retain much more of the things they acquired.

Social Stability remains dedicated to furnishing well timed, correct information to the public and may keep on working carefully with federal companions to make certain beneficiaries understand how this laws may affect them.

Therefore, the additional $6000 deduction and no taxes on SS signifies Definitely almost nothing to us. We are managing the upper prices but have gained almost nothing Together with the passage in the BBB.

July twelve, 2025 three:20PM So fundamentally, mainly because I’m 43 and receive SSDI this Monthly bill changes nothing at all for me Although I labored Extensive HARD several hours to make the small bit of cash that I do get… since in between my husband And that i, we do make under $150k a 12 months, but nonetheless sufficient that part of mine is considered “taxable “

July 11, 2025 2:45PM I have found a distinction in the way details is offered by SSA. I see no unique information on how this influences me for the long term. I am seventy three now and would love to see our Positive aspects not taxed. However, it’s a “I’ll think it Once i see it” short article.

The brand new law features a provision that removes federal earnings taxes on Social Stability benefits for some beneficiaries, delivering aid to men and women and partners.

The Invoice ensures that nearly 90% of Social Protection beneficiaries will no longer shell out federal cash flow taxes on their Rewards, providing significant and quick reduction to seniors who've put in a life span contributing to our country’s economy.

By appreciably reducing the tax burden on Positive aspects, this legislation reaffirms President Trump’s promise to guard Social Stability and aids be sure that seniors can improved take pleasure in the retirement they’ve gained.”

July thirteen, 2025 6:13PM When you and/or your wife or husband labored tricky for decades and the government took deductions for SS then Indeed, a citizen deserves the payments they promised you in retirement. As well poor that so many citizens game the process and choose a lot more than they need to be entitled to receive.

July 12, 2025 8:50PM You're one that should gain. Discuss with your tax particular person- but as I comprehend it, it is possible to post a brand new withholding type to possess less taken out OR it is possible to declare the $6k at tax time. I’m not an authority but that’s how I go through it.

There's no alter within the taxability of social safety Rewards. The bill only provides A short lived bonus 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 get a tiny pension in addition to my social stability month to month. I've a little financial investment account. If I pull money out, it triggers my earnings to pass the income limit social locker plugin and my SSI is taxed. Will this still be the situation?

July 10, 2025 6:24PM How is anybody supposed click here to belief this Administration’s postings when they're basically biased and downright deceptive? Like Other folks putting up on below, That is almost nothing but gaslighting and fanfare. The information espoused are spurious to state the the very least.

The details? The recently signed legislation is projected to further to weaken the Social Safety system and its profits. The SSA’s statement is actually a blatant lie and falsely misrepresents the Invoice which was signed into regulation, and also its damage to retirees.

Individuals declaring social security Rewards who're beneath sixty five or over Those people earning thresholds will see no tax gain.