Wall Street Apes
@WallStreetApes
NEW: The US Social Security Administration has begun sending out emails.
Seniors are finally getting some relief. NO MORE TAXES on seniors Social Security.
“Historic Tax Relief for Seniors: The bill ensures that nearly 90% of Social Security beneficiaries will no longer pay federal income taxes on their benefits.”
“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.”
