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The average spouse of a retired worker collects around $909 per month from Social Security, as of November 2024. That amounts to a raise of around $23 per month.
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.
However, if you signed up for Social Security benefits the year you reached FRA and had that same $70,000 salary, you would not reach your annual limit on a $70,000 salary — unless you had a ...
Each year, workers pay taxes on income up to a specific amount, called the wage base limit. In 2024, the limit is $168,600 annually, however, limits increase over time based on wage growth.
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 your salary. If you’re self-employed, then you ...
The Social Security 2024 COLA increase was a lower 3.2%. ... on the net amount of retirees' Social Security income since those premiums are deducted from the Social Security checks,” says ...