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If you're receiving Supplemental Security Income (SSI) as well, you should have already received your first check on Dec. 31, 2024. ... In 2025, these limits have risen to $23,400 and $62,160 ...
The general Social Security earnings-test limit in 2025 is $23,400 (up from $22,320 in 2024). ... Each year, there's a wage cap put in place that determines how much income is taxed to fund the ...
Income Limits 2024. Income Limits 2025. Benefit Reductions. If you're under FRA. $22,320 per year. $23,400 per year. $1 for every $2 over the limit. If you'll reach your FRA this year
In 2024, your income would be $2,680 over the limit, shrinking your benefits by around $112 per month. But in 2025, that same income only surpasses the new limit by $1,600, reducing your checks by ...
If your earnings land at or above the limit, you'll face taxes on more of your income year after year. The increase in 2025 will perhaps have the biggest impact on those earning between $168,600 ...
Obamacare, Affordable Care Act, Health Insurance Reform, Healthcare Reform ... and the amount by which adjusted gross income exceeds the above income limits ...
For example, if you expect to earn $40,000 from work in 2025, that's $16,600 over the limit. As a result, your Social Security benefits would be reduced by $8,300 for the year.
The new wage base limit, which will be in effect in 2025, is $176,100, up from the $168,600 limit in 2024. This means more income of some workers will be subject to Social Security payroll taxes.