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Here are three changes coming to Social Security in 2205 that may surprise retirees. ... will owe an additional $465 in Social Security taxes next year. 3. The maximum Social Security benefit for ...
While the Social Security Administration sets its annual payment schedule well in advance of the year, the payment dates could take some seniors by ... Another change to Social Security in 2025.
Here's a change that applies to people who are still working, as well as those about to start collecting Social Security. In 2025, the contribution and benefit base is rising to $176,100 from the ...
Up Next: Social Security Announced a COLA Increase for 2025 — 5 Things Retirees Should Be Aware Of. Dec. 31, 2024. This is the date when the 2025 COLA will be reflected in payments to the nearly ...
Seniors get a bump in their Social Security benefit every year called the cost-of-living adjustment . The 2025 COLA of 2.5% was announced in October and goes into effect in January.
Because of the calendar, Social Security recipients who get Supplemental Security Income benefits get their first 2025 check on Dec. 31, 2024.
Social Security benefits are disbursed on Wednesdays, with the specific payment day depending on the recipient’s birth date: Birth date 1st-10th: Payments on the second Wednesday of each month
A photo of a Social Security card and some cash. Social Security payments lag by a month, so the payments for December of 2024 will be sent in January of 2025.