The Social Safety Administration is spreading misinformation about Trump’s reconciliation Invoice, falsely boasting it eradicates federal revenue taxes on most retirees’ Advantages.

It does so by providing an Increased deduction for taxpayers aged 65 and more mature, ensuring that retirees can retain additional of what they gained.

Social Security stays devoted to offering well timed, accurate details to the general public and will go on Doing work carefully with federal partners to make sure beneficiaries understand how this legislation may well have an impact on them.

Thus, the extra $6000 deduction and no taxes on SS suggests absolutely practically nothing to us. We've been dealing with the upper costs but have received absolutely nothing While using the passage of the BBB.

July 12, 2025 3:20PM So basically, mainly because I’m forty three and acquire SSDI this bill modifications absolutely nothing for me even though I worked LONG Tough several hours to make the tiny little bit of money which i do get… mainly because amongst my husband And that i, we do make under $150k a 12 months, but nevertheless adequate that A part of mine is considered “taxable “

July 11, 2025 two:45PM I have noticed a big difference in the way info is introduced by SSA. I see no unique details on how this affects me for the long term. I'm 73 now and would love to see our Positive aspects not taxed. On the other hand, it’s a “I’ll imagine it when I see it” write-up.

The new regulation features a provision that removes federal money taxes on Social Security Added benefits for the majority of beneficiaries, delivering aid to people today and partners.

The bill makes certain that approximately 90% of Social Safety beneficiaries will now not pay federal income taxes on their own Added benefits, supplying significant and immediate aid to seniors that have put in a lifetime contributing to our nation’s economic system.

By significantly decreasing the tax stress on benefits, this legislation reaffirms President Trump’s guarantee to protect Social Protection and helps be certain that seniors can far better enjoy the retirement they’ve attained.”

July thirteen, 2025 6:13PM If you and/or your wife or husband worked hard for decades and the government took deductions for SS then Indeed, a citizen deserves the payments they promised you in retirement. Way too undesirable that a great number of citizens activity the method and take much more than they must be entitled to get.

July 12, 2025 eight:50PM You are 1 that should profit. read more Speak to your tax man or woman- but as I more info know it, you can submit a completely new withholding sort to own considerably less taken out OR you may declare the $6k at tax time. I’m not an expert but that’s how I read it.

There isn't any modify inside the taxability of social safety Gains. The bill only provides a temporary bonus deduction of $6k for seniors 65+ and only earning down below $75k if One or $150k if married.

July 15, 2025 8:04AM I receive a modest pension together with my social stability regular monthly. I have a small investment decision account. If I pull revenue out, it brings about my money to move the profits limit and my SSI is taxed. Will this nonetheless be the situation?

July 10, 2025 six:24PM How is anyone purported to believe in this Administration’s postings when they are basically biased and downright deceptive? Like Other read more individuals publishing on below, That is absolutely nothing but gaslighting and fanfare. The facts espoused are spurious to state the the very least.

The information? The freshly signed regulation is projected to further to weaken the Social Safety program and its revenue. The SSA’s assertion is really a blatant lie and falsely misrepresents the Invoice which was signed into regulation, along with its damage to retirees.

Folks saying social safety Added benefits that are underneath sixty five or earlier mentioned Individuals earning thresholds will see no tax profit.