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Technically, the Social Security Administration first applied the 2.5% cost-of-living adjustment (COLA) to the December 2024 benefit. 5 2025 Social Security Rules That Take Effect Today Skip to ...
The Social Security Fairness Act (SSFA), which was recently signed into law by former president Joe Biden, eliminates rules that reduce Social Security benefits for those who also get income from...
Importantly, the Social Security payroll tax rate is 6.2% for the vast majority of workers. So, the maximum tax burden in 2025 is $10,918.20. That number is the product of $176,100 multiplied by 6.2%.
One thing people quickly notice about Social Security is that change is virtually inevitable. The most notable change to Social Security benefits in 2025 should be good news. All current ...
The Social Security Fairness Act, which would increase benefits for 2.8 million retirees, has bipartisan support but time running out. ... the changes would be effective for benefits payable after ...
The Social Security Fairness Act eliminates two decades-old provisions – the Windfall Elimination Provision and the Government Pension Offset – that reduced Social Security benefits for some ...
That morning, the Social Security Administration announced a number of key changes to the program. But while the program's rules are shifting in 2025, one specific Social Security rule is staying ...
Image source: Getty Images. 1. Social Security benefits are rising by 2.5%. Each year, Social Security benefits are eligible for an automatic cost-of-living adjustment, or COLA.