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

It does so by offering an enhanced deduction for taxpayers aged 65 and more mature, ensuring that retirees can continue to keep more of whatever they attained.

Social Safety continues to be devoted to offering well timed, accurate facts to the general public and may keep on Doing the job carefully with federal partners to guarantee beneficiaries understand how this laws might influence them.

Consequently, the additional $6000 deduction and no taxes on SS suggests Totally practically nothing to us. We are managing the higher expenses but have obtained nothing at all Along with the passage in the BBB.

July 12, 2025 three:20PM So essentially, because I’m forty three and get SSDI this Monthly bill changes absolutely nothing for me Regardless that I labored Lengthy HARD hrs to generate the tiny bit of money which i do get… mainly because between my partner And that i, we do make below $150k a yr, but still adequate that Portion of mine is considered “taxable “

July 11, 2025 two:45PM I've discovered a change in the way information is presented by SSA. I see no particular information on how this affects me for the long term. I'm seventy three now and would like to see our Added benefits not taxed. Even so, it’s a “I’ll feel it After i see it” write-up.

The new legislation features a provision that removes federal income taxes on Social Safety Gains for most beneficiaries, providing relief to people today and couples.

The Invoice makes here certain that practically ninety% of Social Security beneficiaries will no get more info longer fork out federal earnings taxes on their Added benefits, supplying significant and speedy relief to seniors that have expended a life span contributing to our nation’s economic system.

By noticeably lessening the tax burden on benefits, this laws reaffirms President Trump’s assure to protect Social Stability and assists make certain that seniors can greater enjoy the retirement they’ve attained.”

July 13, 2025 6:13PM In case you and/or your spouse worked hard for decades and The federal government took deductions for SS then Certainly, a citizen justifies the payments they promised you in retirement. Far too bad that countless citizens sport the program and consider more than they should be entitled to get.

July 12, 2025 8:50PM That you are a person that could advantage. Speak with your tax particular person- but as I are aware of it, you may submit a fresh withholding form to get considerably less taken out OR you can claim the $6k at tax time. I’m not an authority but that’s how I examine it.

There is no change in the taxability of social safety Gains. The bill only gives a temporary reward deduction of $6k for seniors sixty five+ and only earning below $75k if Solitary or $150k if married.

July 15, 2025 8:04AM I receive a little pension coupled with my social protection monthly. I have a small financial investment account. If I pull cash out, it triggers my earnings to go the earnings Restrict and my SSI is taxed. Will this still be the case?

July ten, 2025 six:24PM How is everyone designed to believe in this Administration’s postings when they are basically biased and downright deceptive? Like Many others submitting on here, This is often nothing at all but gaslighting and fanfare. The info espoused are spurious to state the minimum.

The points? The recently signed regulation get more info is projected to more to weaken the Social Protection software and its profits. The SSA’s statement is usually a blatant lie and falsely misrepresents the Invoice which was signed into regulation, in addition to its damage to retirees.

People claiming social stability Rewards that are below 65 or above These earning thresholds will see no tax benefit.