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In 2025, Social Security will tax wages up to $176,100, up from $168,600 in 2024. The change takes effect in January 2025, though the tax rate on those wages, 6.2 percent, will remain the same.
Image source: Getty Images. 1. A new COLA will (slightly) increase your checks. The COLA for 2025 will be 2.5%, which is the lowest adjustment since 2021.
Several Social Security changes set to take effect in January 2025 may ... age will increase in 2025. Social Security's ... months during the last four months of 2024. FRA will increase in 2025 ...
The most notable change to Social Security benefits in 2025 should be good news. ... recipients can expect a 2.5% increase in their monthly benefits beginning in January 2025. A 2.5% increase is ...
Image source: Getty Images. 1. The 2025 Social Security COLA. Social Security beneficiaries are getting a 2.5% cost-of-living adjustment, or COLA, starting with the payment they receive in January ...
Social Security checks will be issued normally, but here are a few key takeaways for 2025: SSI payments are going out earlier in January, February and March of 2025.
On average, Social Security retirement benefits will rise by about $50 per month starting in January 2025. But if you factor in Medicare Part B payments, your net increase will be smaller.
The increase in 2025 will perhaps have the biggest impact on those earning between $168,600 and $176,100 per year, as you'll face Social Security tax on income that wasn't previously taxed in 2024.