Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

Social Security Applauds Passage of Legislation Providing Historic Tax Relief for Seniors
United State Government ^ | 7/03/2025 | Social Security Press Office

Posted on 07/04/2025 4:56:09 AM PDT by vespa300

The Social Security Administration (SSA) is celebrating the passage of the One Big, Beautiful Bill, a landmark piece of legislation that delivers long-awaited tax relief to millions of older Americans.

The bill ensures that nearly 90% of Social Security beneficiaries will no longer pay federal income taxes on their benefits, providing meaningful and immediate relief to seniors who have spent a lifetime contributing to our nation's economy.

“This is a historic step forward for America’s seniors,” said Social Security Commissioner Frank Bisignano. “For nearly 90 years, Social Security has been a cornerstone of economic security for older Americans. By significantly reducing the tax burden on benefits, this legislation reaffirms President Trump’s promise to protect Social Security and helps ensure that seniors can better enjoy the retirement they’ve earned."

The new law includes a provision that eliminates federal income taxes on Social Security benefits for most beneficiaries, providing relief to individuals and couples. Additionally, it provides an enhanced deduction for taxpayers aged 65 and older, ensuring that retirees can keep more of what they have earned.

Social Security remains committed to providing timely, accurate information to the public and will continue working closely with federal partners to ensure beneficiaries understand how this legislation may affect them.

(Excerpt) Read more at ssa.gov ...


TOPICS: Chit/Chat
KEYWORDS: akeywordtrollsays; bunchawhiners; frankbisignano; security; social; socialsecurity; ssa
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-93 next last
To: 38special

“So how does this work exactly?”

Well, it’s nearly impossible to live off of social security in retirement so:

File to start SS.
Obtain Passport
Settle Your affairs
Move overseas to a lower cost of living economy.

The big savings are in healthcare, housing and food. Offset by travel costs and social changes

Go where you are treated better


21 posted on 07/04/2025 5:50:00 AM PDT by Justa (Our constitution was made only for a moral and religious people....)
[ Post Reply | Private Reply | To 5 | View Replies]

To: All
The claim the BBB will eliminate taxes on SS for most recipients is a bit deceptive.

I've included a link below to a White House bulletin explaining how most SS recipients will supposedly see taxes eliminated for SS income. How they do it is they add the new $12K deduction (for married couples) to the already established standard deduction of $31,500. On top of that, there is an existing extra $3,200 deduction for seniors. All this adds up to a deduction of $46,700 deduction, which if applied against SS income, would eliminate SS tax for nearly 90% of recipients.

The problem is, Turbo Tax will use the $31,500 standard deduction to shield income taxed at a higher rate than SS (such as pension income or job wages). So really, SS recipients will still be paying taxes on a big chunk of their SS income.

The BBB will save seniors hundreds of dollars in taxes, but not the thousands we had hoped for.

No Tax on Social Security is a Reality in the One Big Beautiful Bill
22 posted on 07/04/2025 5:50:22 AM PDT by Dan in Wichita
[ Post Reply | Private Reply | To 10 | View Replies]

To: Paladin2

Nobody, anywhere has the straight explanation. It is complex, just as you said. That means it’s a snow job. Bait and switch for 3 years.

And the celebration they are throwing means they feel no pressure now.
That’s it folks, the whole thing. The sparrow farted.


23 posted on 07/04/2025 5:51:44 AM PDT by DesertRhino (2016 Star Wars, 2020 The Empire Strikes Back, 2025... RETURN OF THE JEDI….There’s really not much to)
[ Post Reply | Private Reply | To 9 | View Replies]

To: vespa300

I received an email from SS last night celebrating the Bill passage. Now if only they could get off their a$$ and approve the start of my monthly payments. I hit full retirement three days ago and the online application I submitted was May 14th. So much for their 30 day “typical” approval time.


24 posted on 07/04/2025 5:53:11 AM PDT by DAC21
[ Post Reply | Private Reply | To 1 | View Replies]

To: 38special
So how does this work exactly?

Not like you think it does. It's definitely not the "no tax on SS" promise. Run the numbers. We got screwed again. I'd rather have the original promise of "no tax on SS."

25 posted on 07/04/2025 5:58:15 AM PDT by eastexsteve
[ Post Reply | Private Reply | To 5 | View Replies]

To: 11th_VA
"I should have said 22K SS - then not taxable"

I made $31,600 on social security last year. My pension is about the same. I have no other income. Does that mean that $22,000 of the 31,600 is not taxable?

26 posted on 07/04/2025 6:01:05 AM PDT by mass55th (“Courage is being scared to death, but saddling up anyway.” ― John Wayne)
[ Post Reply | Private Reply | To 12 | View Replies]

To: vespa300

SS tax in old age is double taxation. Trump is doing this because he is smart enough to know that. When I worked I was taxed on my whole income, which included my SS amount. You working people check and you will see you are paying taxes on it too.

Obviously now that I am old, they are taxing it again (up to 85%).
I have often wondered how Congress got by with this slick trick way back.


27 posted on 07/04/2025 6:01:12 AM PDT by Hattie
[ Post Reply | Private Reply | To 1 | View Replies]

To: Dan in Wichita
The claim the BBB will eliminate taxes on SS for most recipients is a bit deceptive.

It's more than that. It's flat out bait-and-switch.

28 posted on 07/04/2025 6:02:39 AM PDT by eastexsteve
[ Post Reply | Private Reply | To 22 | View Replies]

To: Dan in Wichita

Thanks for posting the link. I was wondering if they were going to keep the existing $2K additional senior deduction amount. The link answers that question..


29 posted on 07/04/2025 6:07:06 AM PDT by EVO X ( )
[ Post Reply | Private Reply | To 22 | View Replies]

To: vespa300

Social Security Applauds Passage of Legislation Providing Historic Tax Relief for Seniors.

Play on words, when you read the bill it’s BS. If you and your wife make 150G you’re out.


30 posted on 07/04/2025 6:07:40 AM PDT by kenmcg (ti hi o)
[ Post Reply | Private Reply | To 1 | View Replies]

To: DesertRhino

The GOPee is Soup Nazing me.

Trump: “No tax on SS!”

GOPee: “No relief for YOU!”


31 posted on 07/04/2025 6:09:10 AM PDT by Paladin2 (YMMV)
[ Post Reply | Private Reply | To 19 | View Replies]

To: mass55th

You add the 2 sources of income and subtract $23750. That will be your taxable income. That is assuming your taking the standard deductions.


32 posted on 07/04/2025 6:12:14 AM PDT by EVO X ( )
[ Post Reply | Private Reply | To 26 | View Replies]

To: Paladin2

The One Big Beautiful Bill should be re-named the Keep Tax Accountants Working Act.


33 posted on 07/04/2025 6:12:24 AM PDT by Laslo Fripp (Does anybody proofread anymore?)
[ Post Reply | Private Reply | To 9 | View Replies]

To: kenmcg

____Play on words, when you read the bill it’s BS. If you and your wife make 150G you’re out.____

Well, I guess it helps those retired on social security who make less than 150K per year. I would imagine that’s most people too.


34 posted on 07/04/2025 6:15:03 AM PDT by vespa300
[ Post Reply | Private Reply | To 30 | View Replies]

To: vespa300

It looks like the foreign invaders are going to have to pay for their own “a better life.” I’m done with it. They can pay for all their free stuff themselves. Freeloaders. Training their chimps to bash the Trump America piñata is over.


35 posted on 07/04/2025 6:16:23 AM PDT by FlingWingFlyer (Correction! America is a nation of LEGAL IMMIGRANTS! All of mine came here legally. No free stuff.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: vespa300

So in addition to the poor solution it turns out it only lasts 4 years. I understand 60 senate votes are required to eliminate the SS tax, but still I’m very disappointed in this. However, this might be a battle that can be won in the future even with some democrat support.


36 posted on 07/04/2025 6:16:28 AM PDT by bluemooncat
[ Post Reply | Private Reply | To 1 | View Replies]

To: Palio di Siena

“Trump ought to be ashamed of himself.”

How can you be so obtuse? The law did not allow Social Security taxes to be changed in that type of bill that was passed yesterday, so they had to make a go-around to accomplish what they wanted.

True, it is only for four years just now. The politicians will point out that that those few billions of dollars, relatively speaking, of extra Social Security costs will collapse the system a year earlier but think nothing of sending trillions of dollars, down the drain, overseas for nation building.

The thinking of the administration is that within that four year period, growth in the economy will allow them to get rid of all taxes on Social Security. Social Security was never taxed until 1983.


37 posted on 07/04/2025 6:16:30 AM PDT by odawg
[ Post Reply | Private Reply | To 18 | View Replies]

To: odawg

Thank you for your post explaining the reality of our existing LAWS and how this works around to offer some relief....until it can be made permanent.

They’re also being short sighted, as to the upside of the coming economy.

Unreal to see the gnashing of teeth, here....the constant griping, after being brought out of the wilderness....again.


38 posted on 07/04/2025 6:20:32 AM PDT by Jane Long (Jesus is Lord!)
[ Post Reply | Private Reply | To 37 | View Replies]

To: vespa300

What’s historic about it?

Taxing Social Security is a ridiculous ruling. Trump knows that. Of course he got this into the bill. He started talking about it during his rallies.

Social Security was taxed starting in 1984 the 98th congress which was democrat, came up with this

Joe Biden was one of them. Google points out only that Reagan signed it, not hat it was a democrat idea

In 1993, the 103 Congress, democrat, increased the rate to 85%. Biden was in on that. Clinton signed

This way seniors could be further responsible for what is done with our tax money, with little control

Trump said stop this.

The history is that social security wasn’t taxed from its inception in the late 1930s until the democrats in the 1980s.


39 posted on 07/04/2025 6:26:07 AM PDT by stanne (Because they were mesmerized by Obama, the man for whom this was named, whose name they left out of )
[ Post Reply | Private Reply | To 1 | View Replies]

To: vespa300

Spending increases are always permanent, tax cuts are always temporary.


40 posted on 07/04/2025 6:30:46 AM PDT by ChildOfThe60s (If you can remember the 60s, you weren't really there)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-93 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson