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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.
The Social Security COLA that is about to go into effect will result in a 2.5% increase in everyone's Social Security benefits. ... will be $185 per month in 2025, a $10.30 increase compared with ...
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.
In the early morning hours of Oct. 10, the SSA lifted the hood on the 2025 COLA, which offers something of a good news/bad news scenario for Social Security recipients in the upcoming year.
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.
Social Security benefits will get a boost, thanks to COLA ... It will increase to $62,160 in 2025, up from $59,520 in 2024. Above this threshold, the SSA will withhold $1 for every $3 you earn.
The average retired worker collects around $1,925 per month from Social Security, so the 2.5% COLA will amount to a monthly raise of around $48. The Social Security 2025 COLA Is Here, and There's ...
Data source: Social Security Administration, The Senior Citizens League. Payments have been rounded to the nearest dollar. 2. Social Security's full retirement age will increase in 2025