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With seniors getting 2.5% more benefits, their incomes will increase and more people will be over the income limit at which they begin to owe the IRS money on their Social Security payments. This ...
Image source: Getty Images. 1. 2.5% cost-of-living adjustment (COLA) 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 ...
A sizable increase in the U.S. money supply during the COVID-19 pandemic led to four consecutive years of above-average COLAs. US Inflation Rate data by YCharts.. Here's what Social Security's ...
It's not a given that you'll pay Social Security taxes on your entire salary. Each year, there's a wage cap put in place that determines how much income is taxed to fund the program. In 2025, that ...
The Social Security Administration announced recently that seniors will get a 2.5% benefits increase for the 2025 year. That amounts to around $49 more in monthly benefits for the average retiree.
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.