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The quirks of the calendar continue into 2025. SSI recipients will get their February 2025 payment on Jan. 31, 2025, and their March 2025 payment on Feb. 28, 2025, according to the 2025 SSA ...
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 ...
The Social Security Administration announced recently that seniors will get a 2.5% benefits increase for the 2025 year. That amounts to around $49 more in monthly benefits for the average retiree.
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.
To achieve the max payments, there are three requirements you'll need to meet: work for at least 35 years, delay benefits until age 70, and consistently reach the maximum taxable earnings limit ...
Technically, the Social Security Administration will apply the 2025 COLA to your December 2024 payment. But since you receive Social Security checks in the month after the month they're due, you ...
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 ...
Technically, this takes effect with the December 2024 payment, but since Social Security is paid a month in arrears, it will first be reflected in the payment you receive in January 2025.