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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.
Most States Won’t Tax Social Security in 2025. Most states, 41 in total plus Washington, D.C., won’t tax your Social Security benefits in 2025, based on current laws. These states are: Alabama ...
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 2025. As of the latest data ...
As a result, your Social Security benefits would be reduced by $8,300 for the year. For those reaching FRA in 2025: The earnings-test limit is higher for those reaching FRA. It will increase to ...
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% increase retirees saw last year. This is under the 3.2% increase ...
In 2025, Social Security recipients will receive a 2.5% COLA. ... but the amount of income subject to taxation is limited by law. The maximum taxable earnings limit is $168,600 in 2024, but that ...
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.
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.