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Medicare Part B premiums will also increase in 2025, which may have a disproportionate effect on those receiving smaller Social Security checks -- such as those on spousal or divorce benefits.
To qualify for Social Security spousal benefits, one must meet specific criteria, including age and marital status. Firstly, one must be at least 62 years old and the spouse must be eligible for ...
One limit applies if you claim Social Security before full retirement age (FRA), which is 67 for those born in 1960 or later. Another limit kicks in if you reach FRA in 2025. Another limit kicks ...
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.
In 2024, the limit is $168,600 annually, however, limits increase over time based on wage growth. Earnings up to the limit become part of a worker's earnings record.
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 ...