Social security sends an incorrect email that says “The Big Beauty Buda”. Taxes over the benefits – what is already changing

On July 3, social security sent an email and published a press statement saying that “the new law includes a ruling that cancels federal income taxes on the advantages of social security for most beneficiaries.” It says, “Nearly 90 %” of the beneficiaries will not pay federal income taxes on the advantage. While eliminating taxes on social security may be proposed by Republican politicians, this ruling was ultimately removed from a copy of the so -called “beautiful, beautiful draft law” that has become a law because it violated the rules of the Senate.

Instead, the law allows Americans between 65 years old or older to deduct additional income tax at a value of $ 6000. It is worth noting that this does not include beneficiaries between the ages of 62 and 64. The agency updated the press statement on Monday to observe the opponent after the huge coverage and media.

The difference between the beneficiaries, according to the National Committee for the Preservation of Social Security and Medical Care, can be confused, a non -profit institution that calls for preserving social security and medical care. The group also notes that the political messages behind the email – which are exposed to “unprecedented” legislation for SSA, which is supposed to be a neutral agency that manages the benefits of about 73 million Americans. SSA did not respond immediately luckRequest to comment.

Trump explained the promising point to end the imposition of taxes on the advantages of social security on the campaign’s path. Republican politicians also worked to collect their budget bill, and many promised to include this ruling.

But in order to pass legislation using a process called reconciliation, it was decided that the Republican Party could not include a ruling on social security taxes. Instead, they replaced a higher opponent of the elderly Americans.

The supreme “reward” deduction

However, the legislation signed in law last week includes a item that allows Americans between 65 years or older with an additional $ 6000 discount on federal income taxes, as well as a standard discount, which is already greater for the elderly younger Americans. Those who are also separated are qualified for that. For married couples, the couple can take the deduction if both are more than 65 years old, for a total of an additional $ 12,000.

Like the other provisions mentioned in the draft law, it is time limited: it is in fact only for the tax season from 2025 to 2028. It also applies to those who earn a total rate rate rate of up to $ 75,000, or twice that for couples. Then it begins to gradually get rid of income than that threshold, and it is not available for individuals who earn $ 175,000, or husbands who earn $ 250,000.

According to the White House, this judgment will Increase Among the elderly who receive social security who will not pay income tax on their advantages from 64 % to 88 %.

The poorest of the elderly will not benefit from comfort, because they do not already pay social security taxes (64 % White House analysis notes) – not richer, given the gradual disposal of income. Instead, the old -middle -class age is the ones who benefit for the next few years. Those who have an income less than 6,3300 dollars Pay about 1 % or less Among its benefits, on average, in taxes, according to the non -partisan center of budget and politics priorities.

In addition, this part of the draft law is actually accelerating the insolvency of the program, and it is a source of concern for many Americans, because the elderly who pay it on the advantages return to social funds and the funds for future generations. In fact, CRFB Federal Budget Committee (CRFB) The judgment is estimated It would bring the insurance box to one year insolvency closer to the current accounts. Once this happens, the beneficiaries of social security will face a hard reduction in the interest by about 24 %, says CRFB.

It is also expected that other provisions in the bill will not affect the older Americans. For example, it changes eligibility and reducing federal funding for the supplementary nutritional assistance program (SNAP) starting in 2027, on which 11 million people are dependent on the age of 50 years and over, according to Aarp. New work requirements on Medicaid can also prevent some older Americans from receiving advantages.

Social Security has become a controversial lightening rod since Trump’s inauguration in January. The agency was an early target of the so -called government efficiency in the administration under Elon Musk, which was concerned about the defenders who say it has become excessive in politics.