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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.
Beginning in January 2025, though, it will increase to $176,100 per year. ... In 2025, the maximum Social Security payment will be increasing from $4,873 per month to a whopping $5,108 per month ...
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 ...
Image source: Getty Images. 1. A new COLA will (slightly) increase your checks. The COLA for 2025 will be 2.5%, which is the lowest adjustment since 2021.
On average, Social Security retirement benefits will rise by about $50 per month starting in January 2025. But if you factor in Medicare Part B payments, your net increase will be smaller.
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.
Looking at the history of Social Security COLAs, 2025 isn't so bad. ... but it's worth taking a broader perspective and comparing the 2025 raise to those from the last 25 years.