New Bill ≠ No Social Security Tax – Here's What It Really Means for Retirees | Ep 157
Автор: Dave Zaegel
Загружено: 2025-07-21
Просмотров: 2
A new bill has sparked confusion around Social Security taxation — but let’s set the record straight.
In this episode of Retire with Peace, David Zaegel explains what the bill actually does. Spoiler: It does NOT eliminate taxes on Social Security income. Instead, it introduces a new $6,000 standard deduction for seniors — which could help reduce taxable income if you're under certain limits.
📌 Key Takeaways:
Social Security is still taxable in many cases.
Seniors may now qualify for a $6,000 extra deduction — a potential tax-saver.
If your combined income is under $32,000, your Social Security may not be taxed.
The new income limit for this deduction is $75,000 for married couples.
This bill is about standard deductions — not a change to how Social Security is taxed.
This episode breaks down how to navigate the changes and what they really mean for your retirement plan.
🎧 Listen now to avoid falling for misinformation and make smarter tax decisions in retirement.
#RetirementPlanning #SocialSecurityTax #TaxStrategy #RetireWithPeace #FinancialPlanning #CPAInsights #taxupdates
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