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Image source: Getty Images. How much more money will retirees get next year? The Social Security Administration announced recently that seniors will get a 2.5% benefits increase for the 2025 year.
On Oct. 10, following the release of the final puzzle piece needed to calculate Social Security's 2025 COLA (the September inflation report), the SSA announced that beneficiaries would see their ...
The most notable change to Social Security benefits in 2025 should be good news. ... benefits beginning in January 2025. A 2.5% increase is below the average COLA since it became annual in 1975 ...
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 ...
It's worth noting that standard Medicare Part B premiums will be $185 per month in 2025, a $10.30 increase compared with 2024. ... if your Social Security payment is set to rise by $40 per month ...
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.
In 2023, we saw a big 8.7% COLA, while 2024 brought a smaller 3.2% increase. For 2025, the bump will be even smaller at 2.5%, which is the tiniest increase since 2021. ... But if you factor in ...
1. The 2025 Social Security COLA. Social Security beneficiaries are getting a 2.5% cost-of-living adjustment, or COLA, starting with the payment they receive in January 2025. As of the latest data ...