Remember When The Social Security Administration Was A Non-partisan Agency That Helped ALL Americans Insure Their Retirement?

Or are you one of the millions of Americans. like me, who received this email a few days ago? : Social Security Applauds Passage of Legislation Providing Historic Tax Relief for Seniors.

 

 

"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.

Social Security remains committed to providing timely, accurate information to the public and will continue working closely with federal partners to ensure beneficiaries understand how this legislation may affect them."

But my friends...not only is this email directly partisan and politically motivated, it isn't even true. But why would I expect anything different from the Trump administration. But once again silence from the GOP as the administration lies and disinforms the American public:

" The Trump domestic policy package, which Congress sent to his desk on Thursday, extends the president’s expiring tax cuts he enacted in 2017, and also creates a temporary tax deduction for earnings from tips and overtime.

But it does not eliminate federal taxes on Social Security. Budget reconciliation, the arcane process Senate Republicans used to pass the bill while avoiding a Democratic filibuster, does not allow changes to be made to Social Security.

The Trump package does, however, include a temporary tax deduction of up to $6,000 for seniors ages 65 and older, and $12,000 for married seniors. Trump’s Council of Economic Advisers argued last month that nearly 9 in 10 seniors would not pay any federal taxes on their Social Security benefits because the new deduction would eliminate their tax burden. "

So you might still pay federal taxes on your social security of your income exceeds that allowed under the earnings deductions...but for most of us things haven't changed much...well unless we itemize and forgo the new deduction limits.

BTW: for those of you who pay state taxes on your social security, you still will pay state taxes on your social security. 

and I surrender to Blogger and give up trying to get the color editing right today. yikes...