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Social Security's earnings-test limits are rising in 2025. Currently, you can earn up to $22,320 without having your Social Security benefits withheld. In 2025, that threshold is increasing to ...
Technically, this takes effect with the December 2024 payment, but since Social Security is paid a month in arrears, it will first be reflected in the payment you receive in January 2025.
The $ 22,924 Social Security bonus most retirees completely overlook If you're like most Americans, you're a few years (or more) behind on your retirement savings. But a handful of little-known ...
The test only applies to people who are below the normal retirement age, which ranges from 65 to 67 years old, depending on the person's year of birth. For beneficiaries working before the calendar year in which they reach the Normal Retirement Age, current benefits are reduced by $1 for every $2 in wages over the lower bracket amount.
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.
Here's what retirees and workers alike should expect to see next month. 1. An official 2025 COLA ... The 2025 earnings-test limit. Seniors on Social Security are allowed to earn income from a job ...
The basic idea behind the Social Security formula is that your 35 highest-earning years are indexed for inflation and averaged, and your monthly average earnings is applied to a formula with three ...
Social Security is funded by a tax set by statute. Employees pay 6.2 percent of their income, up to the maximum income limit ($168,600 in 2024), while your employer kicks in another 6.2 percent of ...