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It marks the smallest increase in benefit payments since 2021. A person getting $1,920 a month this year will see $48 more in 2025. NJ's 1.7 million Social Security recipients will see a 2.5% ...
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.
Image source: Getty Images. 1. Social Security payments got a COLA in 2025 to protect benefits from inflation. A 2024 Nationwide Retirement Institute survey found that 66% of adults did not know ...
In 2024, the wage cap sat at $168,600. But this year, it's up to $176,100, which means higher earners will pay Social Security tax on an extra $7,500 of income. At first, that might seem like bad ...
Source: Social Security Administration. The projected 2025 COLA for Social Security is 2.5%, according to an emailed September 11 TSCL press release, resulting in another drop.
The Centers for Medicare and Medicaid Services (CMS) announced that 2025 monthly Part B premiums will climb to $185, an increase of $10.30 from $174.70 in 2024.
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It projects a benefits increase in 2025 of 2.5%. This prediction lines up with what independent Social Security and Medicare analyst Mary Johnson estimates next year's COLA will be.