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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.
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 ...
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.
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.
But Social Security's Trustees estimate the lower limit will increase to $23,280 (up from $22,320) and the upper limit will increase to $61,800 (up from $59,520).
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 ...
But based on what we know so far, it's looking like 2025's Social Security COLA will end up somewhere around 2.5%. That's the working estimate based on inflation readings from July and August.
Another adjustment that takes effect in 2025 involves Social Security payroll taxes. Beginning on Jan. 1, the maximum amount of earnings subject to the Social Security tax is scheduled to increase ...
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