A recent email from CD6 Rep. Ciscomani claims that 88% of seniors will pay no tax on their Social Security benefits. The Big Ugly Budget does not eliminate Social Security taxes. The standard deduction is set to rise due to inflation (COLA). Secondly, the bill adds an extra standard deduction that lapses after 2028. It also adds a temporary $6,000 boost for 65+ which disappears after 2028.
When you combine the expected inflation increase + temporary extra standard deduction + temporary bonus, a single eligible taxpayer (65+) can deduct a total of $23,750 from his/her taxes. According to the Social Security Administration, the average monthly SS retirement benefit for January 2025 was $1,976 ($23,712 yearly).
While many Arizonians will pay no taxes on their Social Security benefits for the next few years, Ciscomani fails to explain how it works. His email was self-promoting and outright disingenuous.
People are also reading…
Jean Meconi
Oro Valley
Disclaimer: As submitted to the ÃÛèÖÖ±²¥.
Follow these steps to easily submit a letter to the editor or guest opinion to the ÃÛèÖÖ±²¥.