The Social Safety Administration is spreading misinformation about Trump’s reconciliation bill, falsely claiming it gets rid of federal profits taxes on most retirees’ Added benefits.

It does so by giving an Improved deduction for taxpayers aged sixty five and more mature, making certain that retirees can keep a lot more of whatever they attained.

Social Protection remains dedicated to providing timely, correct information and facts to the public and will proceed working intently with federal partners to guarantee beneficiaries know how this legislation may impact them.

Thus, the extra $6000 deduction and no taxes on SS indicates Totally nothing to us. We've been addressing the higher expenses but have acquired practically nothing with the passage of the BBB.

July twelve, 2025 three:20PM So mainly, simply because I’m 43 and receive SSDI this Monthly bill changes absolutely nothing for me Although I labored Very long Really hard hrs to make the small bit of money that I do get… mainly because involving my spouse and I, we do make less than $150k a 12 months, but still sufficient that part of mine is taken into account “taxable “

July 11, 2025 two:45PM I have found a variation in how data is presented by SSA. I see no unique facts on how this impacts me for the long run. I am 73 now and would like to see our Rewards not taxed. On the other hand, it’s a “I’ll imagine it Once i see it” short article.

The brand new law features a provision that eradicates federal profits taxes on Social Safety Gains for many beneficiaries, providing relief to people today and couples.

The bill makes certain that just about 90% of Social Protection beneficiaries will no longer pay out federal money taxes on their Gains, offering significant and fast reduction to seniors who have expended a lifetime contributing to our nation’s economic climate.

By appreciably cutting down the tax stress on Rewards, this laws reaffirms President Trump’s guarantee to guard Social Safety and will help make sure seniors can much better benefit from the retirement they’ve earned.”

July 13, 2025 six:13PM In the event you and/or your husband or wife worked hard for decades and the government more info took deductions for SS then Sure, a citizen deserves the payments they promised you in retirement. Way too undesirable that countless citizens game the program and just take in excess of they ought to be entitled to obtain.

July 12, 2025 eight:50PM That you are a single that should gain. Discuss with your tax individual- but as I realize it, you could post a different withholding form to obtain a lot less taken out OR you can assert the $6k at tax time. I’m not an authority but that’s how I study it.

There's no improve during the taxability of social stability Added benefits. The Monthly bill only offers A short lived reward deduction of $6k for seniors sixty five+ and only earning beneath $75k if Single or $150k if married.

July 15, 2025 8:04AM I receive a tiny pension together with my social protection month to month. I've a little financial investment account. If I pull income out, it leads to my income to pass the profits Restrict and my SSI is taxed. Will this nonetheless be the situation?

July ten, 2025 six:24PM How is anyone supposed to trust this Administration’s postings when they are basically biased and downright misleading? Like Many others posting on listed here, This is often absolutely nothing but gaslighting and fanfare. The information espoused are spurious to state the the very least.

The facts? The newly signed law is projected to further to weaken the Social Safety software and its profits. The SSA’s statement can be a blatant lie and falsely misrepresents the Invoice that was signed into law, in addition to its harm to retirees.

Folks proclaiming social safety Added benefits that get more info are less than sixty five or earlier mentioned People earning thresholds will see no tax reward.