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Image source: Getty Images. 1. Social Security benefits are getting a modest bump. Let's start with a bit of good news: Social Security benefits will increase by 2.5% in 2025, thanks to the annual ...
Here's a quick refresher on the most important Social Security details in 2025. ... you're under your FRA all year. If you'll reach your FRA in 2025, you only lose $1 for every $3 you earn over ...
Data source: Social Security Administration, The Senior Citizens League. Payments have been rounded to the nearest dollar. 2. Social Security's full retirement age will increase in 2025
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.
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 ...
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.
The increase in 2025 will perhaps have the biggest impact on those earning between $168,600 and $176,100 per year, as you'll face Social Security tax on income that wasn't previously taxed in 2024.
With the increase, the average Social Security monthly benefit check will rise by about $50. The COLA for 2025 is the second straight year of more normal annual adjustments, following large ...