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The Social Security Administration recently announced the cost-of-living adjustment (COLA) for 2025, and beneficiaries can expect a 2.5% raise (amounting to around $50 per month for the average ...
The average cost-of-living adjustment since 2010 has been a more modest 2.3%. But it's one thing to talk about percentages and an entirely different matter when digging into what the 2025 COLA ...
If you won't reach your FRA in 2025: Your benefits will be reduced by $1 for every $2 over the limit of $23,400 per year. This is up from the 2024 limit of $22,320 per year. This is up from the ...
The cost-of-living adjustment was merely 1.3% in 2021 — making it one of the lowest increases on record since 1975 when Social Security started automatic annual cost-of-living allowances. It was ...
The income limit will increase in most years to account for cost-of-living changes. In 2024, it will be $168,600 per year. Starting in 2025, though, it will increase to $176,100 per year.
For 2025, the Social Security wage base — the cap on earnings subject to Social Security tax — will rise to $176,100, meaning only income up to that amount is taxed for Social Security.
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