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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.
Social Security checks will be issued normally, but here are a few key takeaways for 2025: SSI payments are going out earlier in January, February and March of 2025.
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 ...
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.
The increase in 2025 will perhaps have the biggest impact on those earning between $168,600 and $176,100 per year, as you'll face Social Security tax on income that wasn't previously taxed in 2024.
Several Social Security changes set to take effect in January 2025 ... increase 2.5% in 2025. Social Security recipients can use that figure to estimate how much additional income they will get ...
Your 2025 Social Security COLA will be 2.5%. In 2025, Social Security benefits will rise by 2.5%. And while that raise may read like a disappointment compared to recent COLAs, it's important to ...