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The Social Security Fairness Act (SSFA), which was recently signed into law by former president Joe Biden, eliminates rules that reduce Social Security benefits for those who also get income from...
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.
The bill could also jeopardize the Social Security fund overall, critics say. Sen. Thom Tillis, R-N.C., said the Social Security trust fund is less than 10 years away from being insolvent, and ...
Importantly, the Social Security payroll tax rate is 6.2% for the vast majority of workers. So, the maximum tax burden in 2025 is $10,918.20. That number is the product of $176,100 multiplied by 6.2%.
Image source: Getty Images. 1. The cost-of-living adjustment. Seniors get a bump in their Social Security benefit every year called the cost-of-living adjustment ().The 2025 COLA of 2.5% was ...
The measure would increase the burden on Social Security's trust funds, which are already estimated to not be able to pay the full amount of scheduled benefits starting in 2035.
The most notable change to Social Security benefits in 2025 should be good news. All current recipients will receive a boost to their monthly benefit thanks to the Social Security cost-of-living ...
The Social Security Fairness Act, which would increase benefits for 2.8 million retirees, has bipartisan support but time running out. Social Security bill to expand benefits is in the hands of ...