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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. A 2.5% increase is ...
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 2025, the earnings-test limit will be $23,400 -- an increase from $22,320 in 2024. From there, you'll risk having $1 in Social Security withheld per $2 of earnings.
The Social Security Administration announced recently that seniors will get a 2.5% benefits increase for the 2025 year. That amounts to around $49 more in monthly benefits for the average retiree.
The smaller increase for 2025 reflects moderating inflation. Social Security Commissioner Martin O’Malley told The Associated Press that the upcoming increase will provide a measure of relief ...
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% increase retirees saw last year. This is under the 3.2% increase ...
Social Security averages the CPI-W data for July, August, and September and compares it to the previous year's number. If the number is higher than the previous year's, the increase becomes the COLA.
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 ...