The Social Stability Administration is spreading misinformation about Trump’s reconciliation Invoice, falsely saying it removes federal money taxes on most retirees’ Added benefits.

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

Social Stability stays dedicated to supplying well timed, accurate facts to the public and can keep on Performing closely with federal companions to make sure beneficiaries understand how this laws might impact them.

For that reason, the extra $6000 deduction and no taxes on SS suggests Unquestionably very little to us. We're handling the higher expenses but have acquired practically nothing Using the passage from the BBB.

July 12, 2025 3:20PM So fundamentally, due to the fact I’m forty three and obtain SSDI this Invoice alterations almost nothing for me While I worked Lengthy Tough hours to make the little little bit of money which i do get… for the reason that involving my spouse and I, we do make underneath $150k a 12 months, but still enough that Element of mine is considered “taxable “

July eleven, 2025 2:45PM I've seen a distinction in how data is presented by SSA. I see no distinct data on how this impacts me for the long term. I am seventy three now and would like to see our Rewards not taxed. Nonetheless, it’s a “I’ll believe it Once i see it” short article.

The new regulation includes a provision that eradicates federal money taxes on Social Protection benefits for most beneficiaries, giving relief to persons and couples.

The Invoice makes certain that nearly 90% of Social Protection beneficiaries will now not more info spend federal revenue taxes on their own Added benefits, providing meaningful and fast aid to seniors who've put in a life time contributing to our country’s economy.

By drastically lessening the tax stress on Gains, this laws reaffirms President Trump’s assure to shield Social Stability and allows ensure that seniors can much better enjoy the retirement they’ve attained.”

July 13, 2025 six:13PM For those who and/or your wife or husband labored really hard for many years and the government took deductions for SS then Certainly, a citizen justifies the payments they promised you in retirement. Far too terrible that lots of citizens activity the procedure and acquire more than they ought to be entitled to receive.

July twelve, 2025 8:50PM That you are one particular that may advantage. Talk to your tax person- but as I realize it, you'll be able to post a different withholding type to possess less taken out OR you may claim the $6k at tax time. I’m not a professional but that’s how I go through it.

There is absolutely no change during the taxability of social protection Advantages. The Monthly bill only gives A short lived reward deduction of $6k for seniors 65+ and only here earning under $75k if Single or $150k if married.

July 15, 2025 eight:04AM I receive a smaller pension in addition to my social protection regular monthly. I've a small financial commitment account. If I pull money out, it will cause my income to pass the profits Restrict and my SSI is taxed. Will this nevertheless be the situation?

July ten, 2025 six:24PM How is any individual designed to trust this Administration’s postings when they are fundamentally biased and downright deceptive? Like Some others publishing on right here, That is almost nothing but gaslighting and fanfare. The facts espoused are spurious to mention the minimum.

The info? The freshly signed regulation is projected to further more to weaken the Social Security system and its income. The SSA’s statement can be a blatant lie and falsely misrepresents the Invoice that was signed into law, as well as its hurt to retirees.

Individuals declaring social security Advantages who're beneath 65 or higher than those earning thresholds will see no tax benefit.