Doesn’t change the fact that they are being misleading when they imply ALL SS folks will benefit from the tax cut on SS. Many of us in all states make too little to be taxed, so no benefit. The SS tax relief only benefits the higher incomes.
Not accurate. Pertaining to federal tax on SS income, if you don't make enough to pay federal taxes then nothing changes. If you make enough to owe federal taxes (SS income and other retirement income) then it applies IF you are middle income, NOT high income.
"The new deduction will reduce taxable income by up to $6,000 for eligible taxpayers. The provision applies to people who are at least 65 at the end of 2025. Individual filers with a modified adjusted gross income (MAGI) up to $75,000 or married couples filing jointly with a combined MAGI of up to $150,000 can claim the full $6,000. Individuals with incomes of up to $175,000 for single filers or $250,000 for married couples can claim a reduced deduction."
What effects every SS recipient is the COLA raise of 2.8% and the standard monthly premium for Medicare Part B, which covers doctor visits and other outpatient care, will climb in January from $185 to $202.90, a 9.7 percent increase.
BamaBelle wrote: “Doesn’t change the fact that they are being misleading when they imply ALL SS folks will benefit from the tax cut on SS. Many of us in all states make too little to be taxed, so no benefit. The SS tax relief only benefits the higher incomes.”
AI says:
AI Overview
Alabama does not tax Social Security benefits. This makes Alabama a tax-friendly state for retirees, as Social Security income is fully exempt from state income tax, regardless of your income level.
Alabama is one of 42 states that do not tax Social Security income. While your benefits may still be subject to federal income tax depending on your total income, the state provides a full exemption for this type of retirement income.