The Social Security Administration is spreading misinformation about Trump’s reconciliation Monthly bill, falsely professing it removes federal profits taxes on most retirees’ Rewards.

It does so by providing an enhanced deduction for taxpayers aged sixty five and more mature, making certain that retirees can preserve additional of what they acquired.

Social Protection remains dedicated to supplying well timed, correct information to the general public and will proceed Performing carefully with federal partners to be certain beneficiaries know how this legislation may possibly have an affect on them.

Consequently, the extra $6000 deduction and no taxes on SS suggests Totally nothing at all to us. We have been dealing with the higher costs but have acquired almost nothing With all the passage in the BBB.

July twelve, 2025 3:20PM So generally, mainly because I’m 43 and receive SSDI this Monthly bill adjustments nothing at all for me Although I labored Prolonged Challenging hrs to generate the minimal little bit of cash which i do get… simply because concerning my husband and I, we do make under $150k a year, but nevertheless sufficient that Portion of mine is considered “taxable “

July 11, 2025 two:45PM I have seen a distinction in the way information is offered by SSA. I see no specific facts on how this has an effect on me for the long run. I am 73 now and would like to see our benefits not taxed. Nevertheless, it’s a “I’ll believe it Once i see it” article.

The new law features a provision that eradicates federal revenue taxes on Social Protection Advantages for some beneficiaries, offering aid to folks and partners.

The Invoice makes certain that just about ninety% of Social Stability beneficiaries will not shell out federal cash flow taxes on their own Added benefits, delivering significant and fast aid to seniors who definitely have put in a life span contributing to our country’s economic system.

By significantly decreasing the tax load on website Rewards, this legislation reaffirms President Trump’s promise here to safeguard Social Security and allows ensure that seniors can much better take pleasure in the retirement they’ve earned.”

July thirteen, 2025 6:13PM When you and/or your partner labored tough for decades and the government took deductions for SS then Sure, a citizen deserves the payments they promised you in retirement. As well negative that countless citizens match the technique and get a lot more than they ought to be entitled to receive.

July twelve, 2025 eight:50PM You happen to be just one that may profit. Check with your tax human being- but as I understand it, you may post a new withholding type to get considerably less taken out OR you'll be able to assert the $6k at tax time. I’m not an expert but that’s how I examine it.

There is no change during the taxability of social protection Advantages. The Invoice only presents A short lived bonus deduction of $6k for seniors 65+ and only earning down below $75k if Single or $150k if married.

July 15, 2025 8:04AM I get a modest pension together with my social security monthly. I have a little investment decision account. If I pull dollars out, it brings about my income to move the profits Restrict and my SSI is taxed. Will this still be the situation?

July 10, 2025 six:24PM How is any individual imagined to belief this Administration’s postings when they're fundamentally biased and downright misleading? Like Other folks publishing on listed here, This is certainly nothing but gaslighting and fanfare. The information espoused are spurious to state the the very least.

The points? The recently signed law is projected to further more to weaken the Social Safety software and its revenue. The SSA’s assertion is really a blatant lie and falsely misrepresents the Monthly bill that was signed into regulation, as well as its hurt to retirees.

People claiming social security Added benefits who're beneath sixty five or higher than Individuals earning thresholds will see no tax benefit.