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The Social Security Administration is spreading misinformation about Trump’s reconciliation Monthly bill, falsely claiming it eradicates federal earnings taxes on most retirees’ benefits.

It does so by offering an enhanced deduction for taxpayers aged sixty five and more mature, ensuring that retirees can continue to keep additional of what they gained.

Social Protection stays devoted to supplying timely, accurate details to the general public and will keep on Performing closely with federal partners to guarantee beneficiaries understand how this legislation may possibly have an affect on them.

For that reason, the additional $6000 deduction and no taxes on SS means Definitely nothing at all to us. We are addressing the upper expenditures but have acquired almost nothing While using the passage of your BBB.

July 12, 2025 3:20PM So fundamentally, because I’m forty three and receive SSDI this Invoice variations nothing at all for me Regardless that I labored LONG HARD several hours to receive the little bit of cash that I do get… since among my spouse and I, we do make less than $150k a yr, but nonetheless adequate that part of mine is taken into account “taxable “

July eleven, 2025 2:45PM I have recognized a difference in how info is offered by SSA. I see no precise data on how this affects me for the long term. I'm 73 now and would love to see our Added benefits not taxed. Nonetheless, it’s a “I’ll consider it After i see it” post.

The new regulation includes a provision that gets rid of federal money taxes on Social Security Gains for the majority of beneficiaries, offering reduction to men and women and couples.

The Monthly bill makes sure that almost ninety% of Social Security beneficiaries will no longer pay federal money taxes on their benefits, furnishing meaningful and immediate reduction to seniors that have used a lifetime contributing to our nation’s economic climate.

By significantly lowering the tax stress on Rewards, this laws reaffirms President Trump’s promise to guard Social Safety and allows make sure that seniors can better benefit from the retirement they’ve acquired.”

July 13, 2025 6:13PM In case you and/or your partner labored tough for many years and The federal government took deductions for SS then Certainly, a citizen justifies the payments they promised you in retirement. As well lousy that a great number of citizens activity the method and acquire much more than they must be entitled to get.

July 12, 2025 8:50PM You happen to be a single that could profit. Check with your tax individual- but as I comprehend it, you could submit a whole new withholding form to obtain fewer taken out OR you can claim the $6k at tax time. I’m not a professional but that’s how I examine it.

There is no modify within the taxability of social social locker plugin for wordpress protection benefits. The Invoice only offers A short lived reward deduction of $6k for seniors sixty five+ and only earning under $75k if Solitary or $150k if married.

July 15, 2025 eight:04AM I get a little pension in conjunction with my social protection monthly. I've a small financial commitment account. If I pull revenue out, it leads to my earnings to go the money limit and my SSI is more info taxed. Will this nonetheless be the case?

July ten, 2025 six:24PM How is everyone purported to trust this Administration’s postings when they're basically biased and downright deceptive? Like Other folks posting on here, This is certainly practically nothing but gaslighting and fanfare. The information espoused are spurious to state the least.

The specifics? The newly signed legislation is projected to even more to weaken the Social Security program and its earnings. The SSA’s assertion is a blatant lie and falsely misrepresents the Monthly bill which was signed into legislation, and its hurt to retirees.

People today declaring social security Added benefits who are beneath 65 or previously mentioned check here those earning thresholds will see no tax gain.