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The Social Security Administration made its official 2025 COLA announcement in October. COLAs, though, are not adjusted during the year to account for month-to-month changes in inflation.
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.
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.
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 ...
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 ...
Social Security's taxable earnings limit will increase, so some workers will pay more taxes on their income in 2025. The 2024 Social Security Survey from Nationwide Retirement Institute identified ...
In addition to an official COLA, the SSA should be announcing a number of key changes that include 2025's earnings-test limit (which applies to people working and collecting benefits at the same ...
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.