The Social Security Administration is spreading misinformation about Trump’s reconciliation bill, falsely boasting it removes federal cash flow taxes on most retirees’ benefits.

It does so by delivering an enhanced deduction for taxpayers aged sixty five and more mature, guaranteeing that retirees can keep more of what they earned.

Social Stability stays dedicated to giving well timed, accurate facts to the general public and can continue working closely with federal associates to be certain beneficiaries understand how this legislation may well have an affect on them.

As a result, the additional $6000 deduction and no taxes on SS indicates Totally nothing at all to us. We've been addressing the upper prices but have obtained absolutely nothing With all the passage on the BBB.

July twelve, 2025 three:20PM So generally, mainly because I’m 43 and obtain SSDI this bill changes almost nothing for me Despite the fact that I labored Very long Difficult several hours to get paid the small bit of cash that I do get… because in between my husband And that i, we do make less than $150k a calendar year, but still ample that Element of mine is taken into account “taxable “

July eleven, 2025 two:45PM I have seen a difference in how information is introduced by SSA. I see no precise info on how this impacts me for the long run. I'm 73 now and would love to see our Rewards not taxed. On the other hand, it’s a “I’ll consider it Once i see it” write-up.

The brand new legislation features a provision that eradicates federal revenue taxes on Social Safety Rewards for some beneficiaries, providing reduction to individuals and couples.

The bill ensures that virtually 90% of Social Safety beneficiaries will no more spend federal profits taxes on their own Positive aspects, supplying meaningful and rapid aid to seniors which have spent a life span contributing to our nation’s economy.

By appreciably lowering the tax burden on Rewards, this legislation reaffirms President Trump’s promise to shield Social Protection and will help make certain that seniors can better enjoy the retirement they’ve attained.”

July thirteen, 2025 six:13PM For those who and/or your spouse worked difficult for many years and the government took deductions for SS then Certainly, a citizen deserves the payments they promised you in retirement. As well negative that countless citizens recreation the procedure and acquire greater than they must website be entitled to receive.

July twelve, 2025 8:50PM You're one that may benefit. Speak with your tax human being- but as I realize it, you could submit a completely new withholding type to possess fewer taken out OR you'll be able to declare the $6k at tax time. I’m not an expert but that’s how I go through it.

There is absolutely no alter from the taxability of social protection Gains. The bill only gives a temporary bonus deduction of $6k for seniors sixty five+ and only earning below $75k if One or $150k if married.

July fifteen, 2025 eight:04AM I get a little pension in addition to my social security month to month. I've a small expenditure account. If I pull funds out, it leads to my income to go the profits Restrict and my SSI is taxed. Will this nevertheless be the case?

July ten, 2025 six:24PM How is anybody purported to rely on this Administration’s postings when they're basically biased and downright deceptive? Like Other folks posting social locker plugin for wordpress on below, This can be absolutely nothing but gaslighting and fanfare. The facts espoused are spurious to convey the least.

The social locker plugin for wordpress facts? The newly signed law is projected to further more to weaken the Social Stability method and its income. The SSA’s assertion is a blatant lie and falsely misrepresents the bill which was signed into law, and its hurt to retirees.

Individuals proclaiming social stability Rewards who are below sixty five or over All those earning thresholds will see no tax gain.