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Image source: Getty Images. 1. The cost-of-living adjustment. Seniors get a bump in their Social Security benefit every year called the cost-of-living adjustment ().The 2025 COLA of 2.5% was ...
Higher Earnings Cap for Social Security Taxes. Social Security taxes will remain at the same rate in 2025–12.4% (this number doesn't include the Medicare tax). Employers and employees split this ...
The big Social Security news from the last couple of months has been the 2025 COLA, which came in at 2.5%. This is under the 3.2% increase retirees saw last year. This is under the 3.2% increase ...
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 ...
Social Security's maximum retired-worker benefit will increase in 2025. Social Security retired-worker benefits are determined based on a person's lifetime income and claim age, such that payouts ...
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.
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.
3. Maximum Social Security benefit also set to increase. The maximum Social Security benefit for a worker retiring at full retirement age will increase from $3,822 in 2024 to $4,018 in 2025. This ...