Posted on 08/11/2025 8:50:30 PM PDT by SeekAndFind
This is resistance in the IRS to law.
Where is my No Tax on SS?
Looks like only refers to tables.
It’s funny…no tax on SS means some deductions. No tax on tips. Except if you make some good money. No tax on overtime…as long as it isn’t A LOT of overtime.
True government. They say one thing. The law says something else. And they tell you that you should be happy they are lying, and that you are an ungrateful prol.
RE: Where is my No Tax on SS?
Trump’s promise of “no taxes on Social Security” under the One Big Beautiful Bill Act (OBBB) has been partially fulfilled—but not in the way many expected.
he OBBB created a new federal income tax deduction for seniors aged 65 and older:
• $6,000 for individuals
• $12,000 for couples filing jointly
• Full deduction available for incomes up to $75,000 (individual) or $150,000 (joint)
• Phases out above those thresholds and disappears entirely at $175,000/$250,000
So, The bill does not eliminate the taxation of Social Security benefits. It simply reduces taxable income through the new deduction.
The administration says 88% of seniors will pay no federal tax on their Social Security benefits due to the deduction.
The deduction helps some additional seniors, but mostly those in middle-income brackets. Higher-income seniors still face taxes on Social Security, albeit reduced.
CAVEAT: The deduction is only valid for tax years 2025–2028. Without renewal, the old rules return in 2029, which means Seniors FACE A TAX INCREASE after Trump leaves office, unless say, JD Vance becomes President and the Congress he has to deal with extends the bill or makes it permanent.
bookmark.
Whole offices full of IRS employees are about to hit the unemployment line.
DJT doesn’t take passive resistance that counters some of the intent of SIGNED law very well.
The parliamentarian ruled since taxing SS was instituted NOT using the reconciliation budget process (regular order bill and law), it could not be removed via the reconciliation budget process.
The Republicans did almost the next best thing and neutered the tax on SS with an offset. The end result is about the same in your wallet as if it was removed.
And I think that all of the “no tax” rules sundown in a relatively short time. (IDK if true.) If so, it’s just a bandage, really.
When I decide to fully retire around the age of 57 or 59 (my wife already retired at 55), over half of our investments will be in Roth IRA’s. When I do our withdrawals from investments, I can choose how much will come from tax deferred money (pay taxes on withdrawals) and how much comes from Roths (no taxes). At current tax brackets, for a while I’ll be in the 12% one, withdrawing from only tax deferred, and converting chunks to Roths. Eventually it’ll all be in Roths before I turn 65.
In the end we’ll be multimillionaires (not that that means a lot these days) with tax free growth/income in Roths, paying taxes on only SS, and qualifying for the new age 65 standard deduction. (Assuming no changes in tax rules by then.)
As long as the tax code and IRS exist in their present form, this is not a free country.
Good analysis. None of us will really know until we do our taxes. I am not sanguine. Either way, the tax code is the most diabolical wealth confiscation crime ever imposed on a people.
“This is resistance in the IRS to law.”
Nope - we still benefit from the tax breaks - it’s just the withholding tables - means some folks will get larger refunds than if the withholding tables had been “pared down”...
So many fail to grasp reality and get their dander up for no reason - no wonder the Dems still hold such sway.
The rates were made permanent. We should celebrate that at least.
Any refund from the government means you gave the government an intrest free loan
No one will say the were getting any tax breaks.
“ Fourth, Americans aged 65 and older can claim a tax deduction of $6,000, which is in addition to the existing standard deduction for this demographic. The deduction phases out for seniors with a modified adjusted gross income of more than $75,000.”
So, how much is the standard deduction for taxpayers 65+?
Is the $6000 added to the standard deduction or is it reported as a separate line?
Thank you for your attention to this matter.
They always sundown the good stuff. Horrible laws stay in effect for generations.
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