The Social Stability Administration is spreading misinformation about Trump’s reconciliation Monthly bill, falsely saying it removes federal revenue taxes on most retirees’ Gains.

It does so by giving an Increased deduction for taxpayers aged 65 and older, making certain that retirees can hold much more of the things they attained.

Social Protection stays devoted to offering timely, correct information and facts to the public and may keep on Doing work intently with federal associates to guarantee beneficiaries know how this legislation may possibly impact them.

Therefore, the additional $6000 deduction and no taxes on SS suggests Definitely almost nothing to us. We are working with the higher expenses but have been given nothing Together with the passage of your BBB.

July twelve, 2025 three:20PM So generally, because I’m forty three and obtain SSDI this Invoice changes almost nothing for me Although I labored Prolonged Tricky several hours to make the small little bit of cash that I do get… due to the fact between my partner and I, we do make below $150k a yr, but nonetheless enough that A part of mine is considered “taxable “

July 11, 2025 two:45PM I've observed a change in how details is offered by SSA. I see no specific information on how this impacts me for the long term. I'm seventy three now and would like to see our benefits not taxed. Even so, it’s a “I’ll consider it After i see it” write-up.

The brand new regulation includes a provision that eliminates federal revenue taxes on Social Stability Added benefits for most beneficiaries, giving aid to persons and partners.

The Invoice ensures that just about ninety% of Social Security beneficiaries will now not pay back federal income taxes on their Rewards, giving meaningful and quick reduction to seniors that have used a life time contributing to our country’s financial state.

By noticeably minimizing the tax stress on Advantages, this legislation reaffirms President Trump’s promise to shield Social Protection and can help be sure that seniors can improved enjoy the retirement they’ve acquired.”

July 13, 2025 six:13PM If you and/or your spouse worked challenging for decades and The federal government took deductions for SS then Certainly, a citizen warrants the payments they promised you in retirement. Way too terrible that a great number of citizens activity the process and get a lot more than they should be entitled to receive.

July 12, 2025 8:50PM You happen to be one particular that may profit. Speak to your tax individual- but as I know it, you may post a fresh withholding sort to get significantly less taken out OR you may claim the $6k at tax time. I’m read more not an expert but that’s how I read through it.

There isn't a improve within the taxability of social safety Gains. The Invoice only presents a temporary reward deduction of $6k for seniors 65+ and only earning beneath $75k if Solitary read more or $150k if married.

July 15, 2025 eight:04AM I receive a tiny pension along with my social protection every month. I've a small investment decision account. If I pull dollars out, it leads to my earnings to go the read more earnings Restrict and my SSI is taxed. Will this even now be the situation?

July 10, 2025 six:24PM How is anyone alleged to trust this Administration’s postings when they are essentially biased and downright deceptive? Like others putting up on here, That is practically nothing but gaslighting and fanfare. The information espoused are spurious to say the minimum.

The information? The recently signed regulation is projected to even more to weaken the Social Safety method and its revenue. The SSA’s statement is often a blatant lie and falsely misrepresents the Monthly bill which was signed into regulation, in addition to its hurt to retirees.

Persons claiming social safety Gains who're under 65 or over All those earning thresholds will see no tax gain.