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With inflation improving, the nonpartisan Senior Citizens League (TSCL) projects the Social Security COLA for 2025 at 2.5% as of September, revised from its higher prediction of 2.57% in August.
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.
If that forecast is accurate, the maximum amount most workers will pay in Social Security taxes next year will increase to $10,843.80, meaning some individuals will see an additional $390.60 ...
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.
TSCL's latest prediction says the 2025 COLA will be 2.63%. That would be the smallest COLA in the past few years, and 1.14 percentage points lower than the average since the CPI-W became the ...
If you put yourself in a position where you're able to get as much income or more from your savings as what Social Security pays you, then it may not matter whether your COLA in a given year is 2. ...
The Social Security Administration will announce the official RET limits for 2025 in the same press release as the COLA. But Social Security's Trustees estimate the lower limit will increase to ...
If you start collecting Social Security before full retirement age, you can earn up to $1,950 per month ($23,400 per year) in 2025 before the SSA will start withholding benefits, at the rate of $1 ...