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If the Social Security Administration had used the CPI-E to calculate the 2025 COLA, seniors would have gotten a 3% raise instead of 2.5%. That would've increased the average check by $58 per month.
The nonpartisan Committee for a Responsible Federal Budget estimates that exempting Social Security income from taxation could reduce revenue by $2.3 trillion through fiscal year 2035 and ...
For instance, if you earned $170,000 in 2024, $1,400 would be exempt from Social Security payroll taxes. However, if you earn $170,000 in 2025, all of it will be subject to taxes because it's ...
A 2.5% increase is below the average COLA since it became annual in 1975, but it could also be worse. ... If you have an employer, both of you split the 12.4% Social Security tax, paying 6.2% each ...
High earners will have to pay a bit more in 2025, as the first $176,100 in earnings is now subject to Social Security payroll taxes. This limit will likely continue to rise in future years.
Seniors brace yourselves. You will likely be getting a 3% Social Security cost-of-living adjustment, or COLA, next year, well below the 8.7% increase in benefits received this year.
The 2025 Social Security cost-of-living adjustment (COLA) came in at just 2.5%. For years, groups like The Senior Citizens League (TSCL) have been calling for changes to the way the government ...
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 ...