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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.
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 ...
The maximum Social Security benefit can give you over $60,000 per year in retirement income. ... With the 2025 Social Security COLA now in effect, the maximum possible benefit for retirees has ...
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 ...
You've decided that 2025 is the year you're finally going to claim Social Security. The government bases your Social Security benefits on your income during your working years and your age at sign-up.
The maximum Social Security benefit for a worker retiring at full retirement age will increase from $3,822 in 2024 to $4,018 in 2025. This maximum applies to those retiring at the full retirement ...
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.
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.