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

It does so by furnishing an enhanced deduction for taxpayers aged sixty five and more mature, making certain that retirees can hold much more of the things they earned.

Social Protection remains committed to delivering timely, precise info to the public and may continue Performing intently with federal partners to guarantee beneficiaries know how this legislation could influence them.

Hence, the extra $6000 deduction and no taxes on SS means absolutely very little to us. We are handling the upper prices but have received absolutely nothing With all the passage on the BBB.

July 12, 2025 3:20PM So fundamentally, due to the fact I’m 43 and obtain SSDI this bill modifications almost nothing for me Regardless that I labored Very long Tough several hours to get paid the very little bit of money that I do get… simply because concerning my spouse and I, we do make less than $150k a yr, but nonetheless sufficient that Component of mine is taken into account “taxable “

July eleven, 2025 2:45PM I've recognized a variance in just how information is introduced by SSA. I see no precise information on how this has an effect on me for the long run. I'm seventy three now and would love to see our Positive aspects not taxed. Even so, it’s a “I’ll believe it Once i see it” article.

The brand new law features a provision that eliminates federal profits taxes on Social Safety Gains for most beneficiaries, giving aid to folks and partners.

The bill makes certain that approximately 90% of Social Safety beneficiaries will no more spend federal money taxes on their own benefits, furnishing meaningful and instant reduction to seniors who have put in a life time contributing to our country’s economic system.

By significantly lowering the tax load on Positive aspects, this laws reaffirms President Trump’s guarantee to safeguard Social Stability and helps be certain that seniors can superior take pleasure in the retirement they’ve gained.”

July thirteen, 2025 six:13PM Should you and/or your spouse labored tough for many years and The federal government took deductions for SS then Of course, a citizen deserves the payments they promised you in retirement. Much too negative that a lot of citizens video game the program and acquire in excess of they ought to be entitled to obtain.

July 12, 2025 eight:50PM You're just one that may benefit. Check with your read more tax particular person- but as I know it, you'll be able to submit a whole new withholding type to have fewer taken read more out OR you can assert the $6k at tax read more time. I’m not an authority but that’s how I read through it.

There's no adjust during the taxability of social protection Positive aspects. The bill only gives a temporary reward deduction of $6k for seniors sixty five+ and only earning under $75k if Single or $150k if married.

July 15, 2025 eight:04AM I receive a modest pension along with my social safety monthly. I have a little expenditure account. If I pull funds out, it leads to my earnings to go the revenue Restrict and my SSI is taxed. Will this even now be the situation?

July ten, 2025 six:24PM How is everyone supposed to have faith in this Administration’s postings when they are basically biased and downright misleading? Like Some others publishing on below, this is nothing but gaslighting and fanfare. The information espoused are spurious to state the least.

The details? The freshly signed law is projected to even further to weaken the Social Security application and its revenue. The SSA’s assertion is actually a blatant lie and falsely misrepresents the Monthly bill which was signed into regulation, along with its hurt to retirees.

Persons saying social stability Added benefits who're beneath 65 or above Individuals earning thresholds will see no tax gain.