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Social Security has two other funding sources: benefit taxes on some seniors and interest income earned on money in the program's trust funds. But both of those are in danger right now. 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.
Importantly, the Social Security payroll tax rate is 6.2% for the vast majority of workers. So, the maximum tax burden in 2025 is $10,918.20. That number is the product of $176,100 multiplied by 6.2%.
Social Security benefits received a 2.5% cost-of-living adjustment (COLA) in 2025, but for many retirees, this is not enough to keep up with rising prices. ... The 2025 COLA shortfall is a good ...
Here are three changes coming to Social Security in 2205 that may surprise retirees. Two Social Security cards sitting atop U.S. currency. Image source: Getty Images.
Image source: Getty Images. 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 ...
Despite annual COLAs, Social Security is failing to keep up with inflation. In fact, according to a 2023 study from The Senior Citizens League, benefits have lost 36% of their buying power since 2000.
Image source: Getty Images. Social Security benefits get a 2.5% cost-of-living adjustment (COLA) in 2025. Social Security recipients get annual cost-of-living adjustments (COLAs) to protect the ...