Funny, I didn’t get such a message. But I applied for SS 25 years ago and they would not have asked for an email address then. Maybe I’ll get a letter in the mail in a few days. Or maybe Trump will decided that people living outside the US should no longer get SS.
This is actually something I more than halfway expect to be proposed in the near future. All that lovely, lovely money needs to be repatriated so it will be available to the Orange Peril and his buddies of the moment.
So I take it that you have not created an online account to access your SS information? If you haven’t, I suggest that you do. In the future, that may be the only method to access your statements, change banking info, change your mailing address, etc.
If you already have such an account, please disregard. Again, just a suggestion.
Good idea.
Some tax savings for most Social Security recipients for a few years, while bringing closer the time the SS trust fund will be depleted (previously said to be in 2034). So the onset of a substantial benefit cut draws closer.
Doesn’t seem like a win for SS recipients, unless you plan to be dead before they start cutting smaller checks.
There are probably many Republicans drooling at the prospect of making those cuts (“we had to do it”).
Hasn’t that repository already been data mined by DOGE?
Probably to be used for targeted marketing campaigns for Tesla and Amazon etc all.
Preach it. I received that email yesterday and immediately fired off a reply, Don’t piss on my leg and tell me it’s raining.
It bounced of course, This address is not monitored, but it made me feel better for a few moments as I typed it out.
There’s the difference between the 2025 we now have vs the one that would have been (which wouldn’t have been all that different from 2024) and the difference between what we have vs 2026 if the old cuts had expired. I honestly don’t know what my 2026 taxes would have looked like. My tax situation changed so much in 2017 for non-Trump reasons that it was hard to know how that law affected me.
It looks like we’ll come out ahead in 2025 due to the SALT cap being raised. We’ve debated that deduction elsewhere and I won’t get into it here. Overall, while I enjoy working an extra hour resulting in more money in my pocket, my wife and I are doing extremely well and certainly don’t need any tax relief. Nor will we be doing any job creation as a result.
This is us, as well. Maybe not ‘extremely’ well, but, as retirees, we’re doing just fine and also need no tax relief. But, as seniors, we’ll get a higher standard deduction, which will lessen our tax burden. I’m not gonna say no, but I will probably increase my charitable contributions next year.
I’m not old enough to get the little SS I’m entitled to. Not sure how it will be affected when I am old enough. I will benefit from the repeal of the Reagan-era windfall act that happened a little while ago. It was in the works long before Trump won. We will probably benefit in a very small way from the new over time rule. My wife works forced overtime every now and then. Just an hour or two here and there. We may save 10s of dollars in taxes. Back before I retired I could easily hit the $25,000 cap for overtime but those days are gone.
Similarly, although it’s hard to get a straight answer among all the gobbledygook, it appears that any income tax savings I get will be far overshadowed by an increase in my medical expenses.
My only piece of advice is “keep all the paperwork.”
I never earned any taxable income. So I won’t get SS on myself.
I’d presumably draw off my husbands income.
I’ll never see it. I won’t live that long.
Trust me, I always keep all the paperwork. One of the issues I’m running into is that while my application was approved retroactive to last September I have not been paid the full amount of benefits for that period. When I called to ask about this I was told that past due Medicare premiums were deducted. I’ve been entitled to Medicare since August 2017, when I turned 65, and have been making quarterly premium payments since then. When my benefits were awarded they assigned me a new Medicare account, and apparently disregarded the premium payments I had already made on the old account. This is being investigated but if necessary I have proof of all the premium payments I had made.