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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 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.
Some workers could lose more money to Social Security payroll taxes in 2025 because the taxable wage base has gone up. In 2024, you only paid these taxes on your first $168,600 in earnings.
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 ...
More Social Security changes are coming. The government passed the Social Security Fairness Act last month, which will increase benefits for 3.2 million Americans. This mostly applies to former ...
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
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 ...
3. Maximum Social Security benefit also set to increase. The maximum Social Security benefit for a worker retiring at full retirement age will increase from $3,822 in 2024 to $4,018 in 2025. This ...