The Social Stability Administration is spreading misinformation about Trump’s reconciliation Monthly bill, falsely saying it gets rid of federal revenue taxes on most retirees’ Gains.

It does so by delivering an Increased deduction for taxpayers aged 65 and more mature, ensuring that retirees can continue to keep much more of whatever they gained.

Social Protection continues to be devoted to delivering timely, precise details to the general public and will continue working closely with federal associates to be sure beneficiaries understand how this legislation may affect them.

For that reason, the extra $6000 deduction and no taxes on SS usually means Totally nothing at all to us. We're handling the higher charges but have gained almost nothing Using the passage from the BBB.

July 12, 2025 3:20PM So in essence, because I’m forty three and acquire SSDI this Invoice improvements almost nothing for me Regardless that I labored LONG Difficult hours to gain the minimal little bit of money which i do get… simply because among my spouse And that i, we do make below $150k a 12 months, but nonetheless adequate that Component of mine is taken into account “taxable “

July 11, 2025 two:45PM I have noticed a variance in the best way information is presented by SSA. I see no specific knowledge on how this has an effect on me for the long term. I'm seventy three now and would like to see our Gains not taxed. On the other hand, it’s a “I’ll believe that it when I see it” short article.

The new legislation features a provision that eliminates federal money taxes on Social Protection benefits for many beneficiaries, furnishing relief to individuals and partners.

The Monthly bill ensures that virtually ninety% of Social Security beneficiaries will not shell out federal money taxes on their Gains, supplying meaningful and instant relief to seniors who may have put in a life time contributing to our country’s financial system.

By significantly lessening the tax burden on Advantages, this legislation reaffirms President Trump’s promise to safeguard Social Stability and aids make sure seniors can much better take pleasure in the retirement they’ve earned.”

July thirteen, 2025 6:13PM In case you and/or your partner worked difficult for decades and the government took deductions for SS then Sure, a citizen justifies the payments they promised you in retirement. Much too lousy that so many citizens recreation the technique and take greater than they must be entitled to acquire.

July twelve, 2025 eight:50PM You will be just one which will reward. Check read more with your tax particular person- but as I know it, it is possible to post a social locker plugin brand new withholding type to obtain a lot less taken out OR you could claim the $6k at tax time. I’m not an expert but that’s how I read through it.

There is no alter from the taxability of social protection Advantages. The bill only gives A short lived reward deduction of $6k for seniors 65+ and only earning beneath $75k if Single or $150k if married.

July fifteen, 2025 eight:04AM I receive a compact pension coupled with my social protection every month. I've a small expenditure account. If I pull money out, it causes my earnings to move the revenue limit and my SSI is taxed. Will this even now be the situation?

July 10, 2025 6:24PM How is everyone speculated to trust this Administration’s postings when they are here essentially biased and downright misleading? Like Other individuals posting on in this article, This can be absolutely nothing but gaslighting and fanfare. The details espoused are spurious to convey the minimum.

The specifics? The newly signed law is projected to additional to weaken the Social Safety application and its income. The SSA’s assertion can be a blatant lie and falsely misrepresents the Monthly bill which was signed into regulation, and also its damage to retirees.

People proclaiming social safety benefits who are under sixty five or higher than These earning thresholds will see no tax gain.