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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: microgood

The “bonus” added to the standard deduction, as I understand it, was enacted in the 2017 tax legislation, and applied to seniors 65 and older. It made no difference if the individual received SS benefits earlier. I don’t believe the 65 breakpoint changed in the BBB. The 90% number is just a guess at this point anyway.

What’s important is that the “bonus” would have totally gone away if the BBB was never passed and signed into law.

I will be watching the signing ceremony this morning with a big grin on my face!


20 posted on 07/04/2025 5:22:12 AM PDT by Fresh Wind (Kamala defines herself in just 4 words..."Nothing comes to mind.")
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To: microgood

Yeah, it’s smoke and mirrors chicanery. All they had to do was directly exclude SS payments from being taxable income. The republicans refused. And now they are claiming it’s done…so that’s it. SS won’t get anything else.


23 posted on 07/04/2025 5:37:57 AM PDT by DesertRhino (2016 Star Wars, 2020 The Empire Strikes Back, 2025... RETURN OF THE JEDI….There’s really not much to)
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