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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 ...
Social Security caps the amount of income you pay taxes on and get credit for when benefits are calculated. The cap is $168,600 in 2024 but is indexed to inflation, so it will climb higher next year.
In 2025, nearly 73 million Social Security and SSI recipients will see their benefits increase by 2.5%. That’s just under the 2.5% by which the average COLA boosted benefits over the last decade.
1. The 2025 Social Security COLA. Social Security beneficiaries are getting a 2.5% cost-of-living adjustment, or COLA, starting with the payment they receive in January 2025. As of the latest data ...
In 2025, Social Security's wage cap is $176,100, up from $168,600 in 2024. Higher earners will owe Social Security tax on an additional $7,500 of income, increasing their total added tax burden by ...
In 2025, Social Security recipients will receive a 2.5% COLA. ... but the amount of income subject to taxation is limited by law. The maximum taxable earnings limit is $168,600 in 2024, but that ...
More than 51 million retired workers received a Social Security check in August 2024, and most depend on those monthly benefits to make ends meet. Indeed, nearly 90% of retired workers view Social ...
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 ...