The Social Safety Administration is spreading misinformation about Trump’s reconciliation bill, falsely saying it removes federal profits taxes on most retirees’ benefits.

It does so by providing an enhanced deduction for taxpayers aged 65 and older, making certain that retirees can retain more of what they acquired.

Social Protection continues to be committed to furnishing timely, accurate info to the general public and will keep on Operating intently with federal associates to be certain beneficiaries understand how this legislation could have an affect on them.

Therefore, the extra $6000 deduction and no taxes on SS usually means Certainly absolutely nothing to us. We've been handling the upper charges but have acquired nothing Along with the passage of your BBB.

July twelve, 2025 three:20PM So fundamentally, since I’m forty three and obtain SSDI this bill improvements very little for me Although I labored Extended Tough hrs to get paid the small little bit of cash that I do get… because involving my spouse and I, we do make beneath $150k a calendar year, but nonetheless sufficient that Element of mine is taken into account “taxable “

July 11, 2025 2:45PM I have seen a distinction in the way in which details is presented by SSA. I see no distinct info on how this affects me for the long run. I am seventy three now and would like to see our Added benefits not taxed. On the other hand, it’s a “I’ll believe that it when I see it” post.

The new regulation features a provision that gets rid of federal income taxes on Social Security Gains for most beneficiaries, delivering reduction to men and women and couples.

The bill makes certain that approximately ninety% of Social Protection beneficiaries will not spend federal income taxes on their own Advantages, supplying significant and fast reduction to seniors who've used a life time contributing to our nation’s economic climate.

By considerably lessening the tax stress on Added benefits, this legislation reaffirms President Trump’s promise to protect Social Stability and helps be sure that seniors can superior enjoy the retirement they’ve acquired.”

July 13, 2025 6:13PM In the event you and/or your husband or wife worked challenging for many years and the government took deductions for SS then Indeed, a citizen justifies the payments they promised you in retirement. Too terrible that so many citizens sport the technique and choose in excess of they must be entitled to acquire.

July 12, 2025 eight:50PM You will be 1 that could benefit. Speak with your tax individual- but as I realize it, you can submit a brand new withholding type to possess a lot less taken out OR you could declare the $6k at tax time. I’m not an authority but that’s how I read it.

There's no transform from the taxability of social protection Advantages. The bill only gives a temporary reward deduction of $6k for seniors 65+ and only earning beneath $75k if Solitary or $150k if married.

July fifteen, 2025 8:04AM I get a compact pension along with my social safety month-to-month. I have a small expenditure account. If I pull revenue out, it results in my profits to move the income Restrict and my SSI is taxed. Will this even now be the case?

July ten, 2025 6:24PM How is any one supposed to trust this Administration’s postings when they are essentially biased and downright misleading? Like Other people putting up on right here, This can be website nothing but gaslighting and fanfare. The information espoused are spurious to convey the minimum.

The points? The newly signed regulation is projected to more to weaken the Social Protection application click here and its income. The SSA’s assertion can be a blatant lie and falsely misrepresents the Monthly bill that was signed into legislation, in addition to its damage to retirees.

People today declaring social safety benefits who are below 65 or earlier mentioned These earning thresholds will see no tax profit.