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The Social Security Administration recently announced the cost-of-living adjustment (COLA) for 2025, and beneficiaries can expect a 2.5% raise (amounting to around $50 per month for the average ...
Data source: Social Security Administration, 2023 Annual Statistical Supplement. *As of November 2024. 2. Higher earners will pay more. Maximum taxable earnings also tend to rise each year, and in ...
However, people who receive both Social Security and SSI will get their January 2025 payment on January 3, according to the agency's schedule. When will I get the 2025 COLA increase in my Social ...
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.
Some people receive both Social Security benefits and SSI. Jan. 8, 2025. This is when the first regular Social Security payments with the new COLA will be issued — the second Wednesday of the month.
Data source: Social Security Administration/BLS. Dividing the 2023 average by the 2022 average shows a gain of about 3.2%, which is where the latest COLA came from.
In 2025, that threshold has been raised by $70 to $1,620 a month for most beneficiaries, while someone who is legally blind receiving SSDI can earn up to $2,700 a month.
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.