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By now, all seniors on Social Security should have gotten their first checks for 2025. With the latest 2.5% cost-of-living adjustment (COLA) in effect, the average benefit has climbed to $1,976 ...
The projected 2025 COLA for Social Security is 2.5%, according to an emailed September 11 TSCL press release, resulting in another drop. That percentage is likely to change, but the concern is ...
But as upset as seniors may be about a 2.5% COLA, there's a chance 2026's Social Security raise will be even lower. And that's something beneficiaries should gear up for now. Why the news may not ...
Social Security's 2025 cost-of-living adjustment came in above average, but is far from perfect Coming into this year, beneficiaries were hoping for a history-making moment.
In 2025, Social Security will tax wages up to $176,100, up from $168,600 in 2024. The change takes effect in January 2025, though the tax rate on those wages, 6.2 percent, will remain the same.
Illinois, Kentucky, New Jersey are significantly burdened by the funding shortfalls facing their retirement systems. Nebraska, Utah, New York and Idaho’s unfunded liabilities are equivalent to less than 1% of their respective GDPs, meaning their pension funds are well-managed and do not significantly tax their economic resources.
A federal district judge ruled on October 26, 2023, that Georgia's districts are racially gerrymandered and ordered a new map with an additional majority-Black district. A new map was drawn for the 2024 elections; however, it is being appealed to a district court which heard oral arguments in January 2025.
If that forecast is accurate, the maximum amount most workers will pay in Social Security taxes next year will increase to $10,843.80, meaning some individuals will see an additional $390.60 ...