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To: zeestephen

From website it seems to say there are two changes but I only know about the $6k over 65 deduction.

“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.”

Also, I am hard pressed to see how they determine the 90% number. $6k is far less than the average benefit and lots of seniors begin at 62.


14 posted on 07/04/2025 4:59:38 AM PDT by Raycpa
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To: Raycpa
Also, I am hard pressed to see how they determine the 90% number. $6k is far less than the average benefit and lots of seniors begin at 62.

I could be wrong, but I am guessing they are coupling the 6K with the standard deduction (which is consumed by your SS income) to be able to say it eliminates Social Security for the 90%.
16 posted on 07/04/2025 5:10:11 AM PDT by microgood
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To: Raycpa
Sorry - I do not know where your $6,000 number comes from.

That was not in my SocSec email alert.

42 posted on 07/04/2025 1:09:22 PM PDT by zeestephen (Trump Landslide? Kamala lost the election by 230,000 votes, in WI, MI, and PA.)
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