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The big buzz on the Social Security front for months has centered on 2025's cost-of-living adjustment (COLA). Each year, Social Security benefits are eligible for a COLA so that recipients can ...
The good news about a smaller COLA This year's 2.5% COLA is the lowest since 2021, and it's substantially smaller than the 5.9% and 8.7% raises we saw in 2022 and 2023, respectively.
Here's when your first Social Security check of 2025 -- and your first COLA -- will hit your bank account: If your date of birth falls between the 1st and 10th of the month, your first Social ...
The 2025 COLA increase will be reflected in your January Social Security check. ... For the latest news, weather, sports, and streaming video, head to PIX11. Show comments.
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.
The Social Security Administration set its 2025 cost-of-living adjustment at 2.5%, the smallest annual COLA hike since 2021. Although inflation has eased from its pandemic-era heights, some ...
If the agency announces a 2.5% COLA increase for 2025, as forecast, the typical benefit check would rise by about $48 a month, for a total of $1,955 per payment. ... In Other News.
But a 2.5% COLA for 2025 stings because it's the smallest one to arrive in years. At the start of 2024, seniors on Social Security saw their benefits increase by 3.2%.