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Instead, the Social Security Fairness Act will increase benefits for 2.8 million Americans that some say have had their checks unfairly reduced over the years. 2.8 Million Americans Are Owed Back ...
High earners will have to pay a bit more in 2025, as the first $176,100 in earnings is now subject to Social Security payroll taxes. This limit will likely continue to rise in future years.
The general Social Security earnings-test limit in 2025 is $23,400 (up from $22,320 in 2024). You'll have $1 in Social Security withheld for every $2 you earn above that limit.
This could result in an additional $930 in taxes for self-employed individuals who pay both the employee and employer portions of the 12.4% Social Security tax.
Prior to the start of the US federal government shutdown in December 2018, both the House and Senate had seen bills proposed that would provide back pay for federal employees. However, these were not adopted before the 115th Congress ended its session, and so new versions were required to be reintroduced in 2019. [7]
The Motley Fool surveyed retirees about the 2025 Social Security cost-of-living adjustment (COLA) and found 51% are considering reentering the workforce because their benefits aren’t cutting it.
The Social Security Administration (SSA) is overwhelmed, understaffed and admittedly unprepared to process the new payment amounts. ... let alone the major recalculations required for the new act ...
The Social Security Administration's press office provided comments after the initial publication of this story, stating that "state and local government employers are required to disclose ...