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If nothing changes between now and then, whoever is sworn in that day will have to make some tough choices regarding Social Security, as the trusts that fund it are on pace to be depleted by the ...
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.
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 may surprise retirees. ... The chart below shows how a 2.5% COLA would impact the average monthly payout for different ...
In October, the Social Security Administration announced a 2.5% cost-of-living adjustment (COLA) for retired workers and other beneficiaries in 2025. That change, coupled with annual modifications ...
Most of the changes coming to Social Security next year are positive. Aside from the COLA and the increased earnings test limits, the maximum benefit will also be increasing from $4,873 per month ...
President Joe Biden released his proposed $7.3 trillion budget for fiscal year 2025 on March 11, which includes a slew of changes it wants to bring to Social Security in order to “protect and ...
Image source: Getty Images. 1. Social Security's cost-of-living adjustment (COLA) should modestly increase benefits. The unquestioned most-anticipated Social Security "change" each year is the ...