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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.
Some people receive both Social Security benefits and SSI. Jan. 8, 2025. This is when the first regular Social Security payments with the new COLA will be issued — the second Wednesday of the month.
In 2025, Social Security will tax wages up to $176,100, up from $168,600 in 2024. The change takes effect in January 2025, though the tax rate on those wages, 6.2 percent, will remain the same.
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. 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 ...
The SSA has announced that benefit checks will rise 2.5 percent in 2025. The 2.5 percent adjustment will amount to an average increase of $50 in monthly benefits for retired workers on Social ...
The 2.5% increase begins in January for nearly 68 million Social Security beneficiaries. An average beneficiary will see an increase of $50, going from $1,907 in January 2024 to $1,957 in January ...
Consequently, workers who make $200,000 per year pay exactly the same amount in Social Security taxes as workers who make $2 million. In 2025, the maximum taxable earnings limit will increase to ...