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The projected 2025 COLA for Social Security is 2.5%, according to an emailed September 11 TSCL press release, resulting in another drop. That percentage is likely to change, but the concern is ...
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.
For 2025, the Social Security wage base — the cap on earnings subject to Social Security tax — will rise to $176,100, meaning only income up to that amount is taxed for Social Security.
Only once the Social Security Administration announces an official COLA in October can you start to make financial plans based on your projected monthly income for 2025. Pad your savings now
A person holding a document and using a calculator. ... League upped its 2025 Social Security COLA estimate ever so slightly to 2.66%. ... and get the bulk of your income from Social Security ...
Meanwhile, the average Social Security check for survivors of deceased workers should also climb by $38 per month, from $1,513 to close out 2024 to an estimated $1,551 in 2025.
If your monthly Social Security benefit is $1,000 this year, it will be $1,025 starting in January 2025. If it's $2,000 now, it'll be $2,050. That part is straightforward.
At 2.5%, the 2025 COLA is below average and the lowest since the 1.3% COLA in 2021. The good news: The 2025 COLA could be lower. The could-be-better news: The 2025 COLA could also be higher.