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The Social Security Administration (SSA) announced a 2.5% cost-of-living adjustment (COLA) for 2025. That’s down from 3.2% this year but in line with the 2.6% average over the past two decades.
At the start of 2025, people with a 401(k) can contribute $23,500 to their account, a $500 increase from 2024's limit. The contribution limit isn't the only thing increasing, either.
While SSI payments were updated on Dec. 31, 2024, Social Security benefits will increase in January 2025. Higher Earnings Cap for Social Security Taxes. Social Security taxes will remain at the ...
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.
Here's a change that applies to people who are still working, as well as those about to start collecting Social Security. In 2025, the contribution and benefit base is rising to $176,100 from the ...
Start Your Mornings Smarter! ... we saw a big 8.7% COLA, while 2024 brought a smaller 3.2% increase. For 2025, the bump will be even smaller at 2.5%, which is the tiniest increase since 2021 ...
But Social Security's Trustees estimate the lower limit will increase to $23,280 (up from $22,320) and the upper limit will increase to $61,800 (up from $59,520).
The catch-up contribution limit that applies to employees aged 50 and up enrolled in most 401(k), 403(b), governmental 457 plans and the Thrift Savings Plan will remain at $7,500 for 2025. Workers ...