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If you reach full retirement age after 2025, up to $1,950 in monthly earnings can be exempt. Above this threshold, $1 in benefits is withheld for every $2 in excess earned income.
Image source: Getty Images. 1. 2.5% cost-of-living adjustment (COLA) 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 ...
If you'll be reaching full retirement age at some point in 2025, you get a higher earnings-test limit to work with -- $62,160, up from $59,520 in 2024. ... Pay attention to these and other changes ...
For 2025, you can earn $23,400 ($62,160 in the year you reach full retirement) in wages before seeing a reduction in benefits. That limit is up from $22,320 ($59,520) in 2024.
Here are three changes coming to Social Security in 2205 that may surprise retirees. Two Social Security cards sitting atop U.S. currency. Image source: Getty Images.
Income Limit: 2024. Income Limit: 2025. Benefit Reduction. If you will not reach your FRA in 2025. $22,320. $23,400. $1 for every $2 over the limit. If you will reach your FRA in 2025. $59,520 ...
3 Important Social Security Changes Coming in 2025 That Retirees Must Know. ... That falls below the 10-year average of 2.75%, so the pay increase may seem unusually small, ...
Here are some important things to know about Social Security changes for 2025. ... The average monthly Social Security retirement benefit was $1,922 as of September -- about $23,000 annually ...