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ProudMNDemocrat

(20,955 posts)
22. It reads like this..
Fri Jul 4, 2025, 07:16 AM
Jul 2025

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.
________________________________________________________________________________________________What this means to me is when in January when the W-2 s come out, it will show what we end up owing because the US Treasury is SHORT. The same will happen to Tips and overtime as well.

Relief for Seniors? Hardly.

Recommendations

0 members have recommended this reply (displayed in chronological order):

I did not, but othrs here have; I 'just' got my 'regular' SS. elleng Jul 2025 #1
Mine came today Mossfern Jul 2025 #38
I did CountAllVotes Jul 2025 #2
The thing is, the vast majority of seniors don't pay taxes on their social security. SunSeeker Jul 2025 #4
I did. Just about threw up reading it. Dem2theMax Jul 2025 #3
I know.. Neo Nazi Propaganda Machine at your service. Cha Jul 2025 #7
Yep. And I figured it was some bullshit FirstLight Jul 2025 #5
Yes, I got that, too. Silver Gaia Jul 2025 #6
I received one sdfernando Jul 2025 #8
I got one. Dr. T Jul 2025 #9
I got it at 8:27 last night. markodochartaigh Jul 2025 #10
Yes, just received it. And my SocSec went into French account yesterday. GoneOffShore Jul 2025 #11
It could be the devaluation of the U. S. dollar Dr. T Jul 2025 #16
Oh, it's definitely that. Every expat we know is upset about the exchange rate. GoneOffShore Jul 2025 #31
Yes. I did. Pototan Jul 2025 #12
I looked and there it was. BidenRocks Jul 2025 #13
Love your last sentence. Katinfl Jul 2025 #27
Yes, I got it. mnhtnbb Jul 2025 #14
Yes, it is grotesque, especially as so many JMCKUSICK Jul 2025 #15
Big Lie SS self pat memo. Squeaky41 Jul 2025 #17
Yes. I thought: "WTF?" mainer Jul 2025 #18
Notice how the email fails to mention these basic facts, even though it goes on for paragraphs? SunSeeker Jul 2025 #34
The Bill mentions nothing about SS earnings being taxed. Wiz Imp Jul 2025 #36
This is insidious Beausoleil Jul 2025 #19
I saw a post claiming that is false MichMan Jul 2025 #32
I was wrong in my assumption that taxes collected on SS Benefits don't go back to the SS Trust fund. Wiz Imp Jul 2025 #39
Yep. What a lousy thing to wake up to Maeve Jul 2025 #20
Yes - propaganda. 617Blue Jul 2025 #21
It reads like this.. ProudMNDemocrat Jul 2025 #22
The average benefit of this new deduction is an increase in after tax income of just $670 Wiz Imp Jul 2025 #37
Got the email this morning. nt doc03 Jul 2025 #23
Message auto-removed Name removed Jul 2025 #24
yes. barbtries Jul 2025 #25
Yes, dog whatta slimy email MiHale Jul 2025 #26
That the SSA has to call it "Big Beautiful Bill" NCDem47 Jul 2025 #28
Sound of debt clock speeding up MIGuy Jul 2025 #29
Yes WmChris Jul 2025 #30
Yup peggysue2 Jul 2025 #33
Meanwhile, the bill cuts Medicaid for seniors, which hurts nursing homes. SunSeeker Jul 2025 #35
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