The SSA applauds the passing of the Big Beautiful Bill providing tax relief for Seniors.

MarathonMike

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It's temporary, not a tax cut but a temporary tax deduction, and expires in 2028, when trump leaves office... And it makes SS fall short of full payments a year earlier than expected.
 
... And it makes SS fall short of full payments a year earlier than expected.
The stupidity of democrats is on display.

What makes social security fall short is the extreme high prices the democrats inflicted on the American people.

Extreme prices benefit the super rich. When stuff costs more the rich make a fortune off the poor. Democrats did that

When things are extremely expensive, social security checks become almost worthless

Payments will fall short, which is because the democrats have spent all the money in the social security trust fund.

There has been no money in security this entire century! democrats did this, not Trump.

democrats spent all the money instead of investing the money, democrats did this

Trump, democrats bankrupted our country. We are broke, now, not tomorrow, now because of out of control spending since the last century by democrats
 
Yes, the SSA has officially endorsed the passing of the BBB particularly for NO FEDERAL TAX ON SOCIAL SECURITY BENEFITS for all but the wealthiest recipients.

WINNING!! :113:


Trump Administration agency applauding a Trump Administration bill.

Gee, no one saw that coming.
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Other news at 11, water is wet. See the shocking video, you won't believe your eyes.

WW
 
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Temporary deduction or not....I'll take it! :)

The sad part is it will in no way make up for what I could have earned by investing the money myself in a low risk fund.

I did not do the math myself but a friend who was a banker (retired) told me that if he could have just invested the SS money he paid in into Savings Bonds he would have come out ahead.
 
Yes, the SSA has officially endorsed the passing of the BBB particularly for NO FEDERAL TAX ON SOCIAL SECURITY BENEFITS for all but the wealthiest recipients.

WINNING!! :113:

My parents are happy.
 
Yes, the SSA has officially endorsed the passing of the BBB particularly for NO FEDERAL TAX ON SOCIAL SECURITY BENEFITS for all but the wealthiest recipients.

WINNING!! :113:

You understand Bisignano, the SS administrator, is a trump appointee and therefore says what he is told to say, right?
 
A little FYI: The SSA Commissioner is Lee Dudek, appointed in February by you-know-who.

:rolleyes:
Actually it's Frank Bisignano, also appointed by Dear Leader.

“This is a historic step forward for America’s seniors,” said Social Security Commissioner Frank Bisignano.
 
$7,600 for age 65 and older; $8,000 for unmarried / not surviving spouse; both from 2025 through 2028

***So, married with both over age 65 gets $15.2K deduction?
STD deduction now $15,750 single; $31,500 married filing jointly for 2025

*****Result married joint over 65 both
$43.7K taken off income before AGI. ~$10K increase?
 
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What is no tax on SS? But for which wealthy? Huh? Don't see that anywhere.
 
Yes, the SSA has officially endorsed the passing of the BBB particularly for NO FEDERAL TAX ON SOCIAL SECURITY BENEFITS for all but the wealthiest recipients.

WINNING!! :113:

Winning! :dance:
 
If your SS is $3500/mo that is $42,000*85% (was~$35K taxable).

Do they still declare SS. 85% as income? Huh? New STD deduction + old wipes it all out but already did mostly?

If you have other income, that will be taxed like always?

I see no "ELIMINATION" of tax on SS.
 
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