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In 2025, nearly 73 million Social Security and SSI recipients will see their benefits increase by 2.5%. That’s just under the 2.5% by which the average COLA boosted benefits over the last decade.
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.
In 2024, your income exceeds the limit by $7,680 -- reducing your benefits by $3,840 per year, or $320 per month. However, assuming your income doesn't change in 2025, those wages will only be ...
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.
In 2024, that income would have been over the $59,520 annual limit, reducing your monthly payments. Starting in 2025, though, your earnings will fall below the new $62,160 annual limit -- assuming ...
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).
Social Security's taxable earnings limit will increase, so some workers will pay more taxes on their income in 2025. The 2024 Social Security Survey from Nationwide Retirement Institute identified ...
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. ... up from the ...
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