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Social Security has been around since 1935, but there are still changes to the program every year. One of the biggest headline grabbers for 2022 is the big jump in payouts due to the annual...
The cap on taxable Social Security wages will increase to $147,000 in 2022, up from $142,800 in 2021. Essentially, the first $147,000 of your earnings are subject to the 6.2% Social Security tax ...
In 2022, just as the COLA rose by a significant amount, so too did the maximum possible Social Security benefit. Specifically, the 2022 maximum benefit rose to $1,657, up from $1,565.
The 2022 COLA increases have been applied to new Social Security payments for January, and the first checks have already started to hit bank accounts. ... However, if you retire at age 62 in 2022 ...
Social Security recipients will be getting their biggest payment increase in 40 years in 2022 thanks to a 5.9% cost-of-living adjustment, pushing the average monthly benefit up to $1,657 for ...
The Cost-of-Living Adjustment Rose 5.9% in January 2022. Every year, the Social Security Administration applies a cost-of-living adjustment to benefits based on the current rate of inflation.