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Learn about the Social Security COLA projection for 2025, ... TSCL updated its 2025 COLA prediction based on August's CPI-W data, which came in at 2.5%. ... The Social Security 2024 COLA increase ...
Image source: Getty Images. 1. 2.5% cost-of-living adjustment (COLA) The big Social Security news from the last couple of months has been the 2025 COLA, which came in at 2.5%.This is under the 3.2 ...
Veterans will also see an increase in their VA disability compensation of 2.5%, thanks to the COLA. This increase also applies to surviving spouses of veterans receiving dependency and indemnity ...
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 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.
Image source: Getty Images. 1. Social Security's 2025 cost-of-living adjustment (COLA) For months, there's been speculation about next year's Social Security COLA.
If that forecast is accurate, the maximum amount most workers will pay in Social Security taxes next year will increase to $10,843.80, meaning some individuals will see an additional $390.60 ...
3. Maximum Social Security benefit also set to increase. The maximum Social Security benefit for a worker retiring at full retirement age will increase from $3,822 in 2024 to $4,018 in 2025. This ...