The Social Protection Administration is spreading misinformation about Trump’s reconciliation Invoice, falsely boasting it removes federal income taxes on most retirees’ Gains.

It does so by giving an enhanced deduction for taxpayers aged 65 and older, making sure that retirees can maintain more of what they gained.

Social Security remains committed to providing timely, precise information and facts to the public and will proceed Doing the job closely with federal companions to make sure beneficiaries know how this laws may perhaps influence them.

As a result, the extra $6000 deduction and no taxes on SS means Totally nothing at all to us. We're addressing the upper expenditures but have received absolutely nothing Using the passage in the BBB.

July 12, 2025 three:20PM So mainly, because I’m forty three and get SSDI this Invoice improvements very little for me Regardless that I labored Very long Challenging hours to earn the little little bit of money which i do get… simply because amongst my spouse And that i, we do make below $150k a yr, but still adequate that Portion of mine is taken into account “taxable “

July eleven, 2025 2:45PM I have seen a big difference in the way in which details is presented by SSA. I see no unique facts on how this influences me for the long term. I am seventy three now and would like to see our Rewards not taxed. However, it’s a “I’ll imagine it After i see it” posting.

The new regulation features a provision that eliminates federal cash flow taxes on Social Security Positive aspects for most beneficiaries, delivering aid to men and women and couples.

The Invoice makes certain that just about ninety% of Social Protection beneficiaries will no longer shell out federal income taxes on their benefits, supplying meaningful and quick aid to seniors who may have expended a lifetime contributing to our country’s economic system.

By drastically lessening the tax burden on Advantages, this legislation reaffirms President Trump’s assure to safeguard Social Protection and can help ensure that seniors can better take pleasure in the retirement they’ve earned.”

July 13, 2025 six:13PM In the event you and/or your spouse labored really hard for many years and read more the government took deductions for SS then Indeed, a citizen warrants the payments they promised you in retirement. Also negative that a great number of citizens activity the system and choose a lot more than they ought to be entitled to get.

July 12, 2025 eight:50PM That you are just one that may gain. Discuss with your tax particular person- but as I comprehend it, you are able to post a new withholding kind to acquire less taken out OR you can assert the $6k at tax time. I’m not a professional but that’s how I read through it.

There is no alter inside the taxability of social protection Advantages. The bill only provides a temporary bonus deduction of $6k for seniors sixty five+ and only earning underneath $75k if Single or $150k if married.

July 15, 2025 8:04AM I get a small pension together with my social protection month-to-month. I've a little financial commitment account. If I pull money out, it brings about my income to move the money Restrict and my SSI is taxed. Will this nonetheless be the situation?

July ten, 2025 six:24PM How is any one purported to belief this Administration’s postings when they're basically biased and downright misleading? Like Some others publishing on in this article, this is nothing at all but gaslighting and fanfare. The details espoused are spurious to mention the least.

The info? The newly signed legislation is projected to additional to weaken the Social Stability program and its revenue. The SSA’s statement is really a blatant lie and falsely misrepresents the bill which was signed into law, more info as well as its hurt to retirees.

Folks professing social safety Added benefits who're beneath 65 or over These earning thresholds will see no tax benefit.