The Social Stability Administration is spreading misinformation about Trump’s reconciliation Monthly bill, falsely declaring it removes federal cash flow taxes on most retirees’ Advantages.

It does so by supplying an enhanced deduction for taxpayers aged 65 and older, ensuring that retirees can retain much more of the things they gained.

Social Security stays devoted to offering timely, exact info to the general public and will keep on Operating carefully with federal companions to guarantee beneficiaries understand how this legislation may well have an affect on them.

Consequently, the additional $6000 deduction and no taxes on SS suggests absolutely absolutely nothing to us. We've been handling the upper costs but have acquired very little While using the passage of the BBB.

July 12, 2025 3:20PM So essentially, since I’m forty three and receive SSDI this Invoice improvements very little for me Although I worked Lengthy Difficult several hours to generate the small little bit of cash which i do get… simply because concerning my spouse And that i, we do make beneath $150k a yr, but nevertheless sufficient that part of mine is taken into account “taxable “

July eleven, 2025 two:45PM I've seen a difference in just how info is offered by SSA. I see no unique details on how this influences me for the long run. I'm seventy three now and would like to see our Gains not taxed. Even so, it’s a “I’ll believe it After i see it” write-up.

The new law features a provision that gets rid of federal earnings taxes on Social Safety Rewards for the majority of beneficiaries, giving relief to folks and partners.

The Invoice makes certain that almost 90% of Social Security beneficiaries will now not shell out federal earnings taxes on their own Added benefits, giving meaningful and immediate reduction to seniors who may have invested a life time contributing to our nation’s economy.

By considerably reducing the tax burden on Positive aspects, this laws reaffirms President Trump’s guarantee to safeguard Social Stability and will help be certain that seniors can much better benefit from the retirement they’ve earned.”

July thirteen, 2025 six:13PM In case you and/or your spouse worked tough for many years and the government took deductions for SS then YES, a citizen deserves the payments they promised you in retirement. Far too bad that lots of citizens activity the method and just take much more than they read more should be entitled social locker plugin to obtain.

July 12, 2025 8:50PM You're a single that can benefit. Speak to your tax man or woman- but as I realize it, you can post a new withholding kind to acquire fewer taken out OR you could assert the $6k at tax time. I’m not an expert but that’s how I study it.

There isn't a change in the taxability of social safety Positive aspects. The Invoice only gives A brief reward deduction of $6k for seniors 65+ and only earning below $75k if One or $150k if married.

July 15, 2025 eight:04AM I get a modest pension together with my social stability regular monthly. I've a little financial investment account. If I pull income out, it leads to my profits to go the money Restrict and my SSI is taxed. Will this nonetheless be the case?

July ten, 2025 6:24PM How is any one purported to rely on this Administration’s postings when they are basically biased and downright deceptive? Like Many others posting on here, This is often very little but gaslighting and fanfare. The facts espoused are spurious to say the the very least.

The points? The freshly signed legislation is projected to even further to weaken the Social Protection method and its revenue. The SSA’s assertion is often a blatant lie and falsely misrepresents the Invoice that was signed into regulation, along with its harm to retirees.

Individuals claiming social security website benefits who will be beneath sixty five or earlier mentioned People earning thresholds will see no tax advantage.