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The good news for those reaching FRA this year is that the earnings test limit has increased to $62,160 in 2025 (last year, it was $59,520). Above this threshold, the SSA withholds $1 for every $3 ...
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 ...
In 2025, the maximum taxable earnings limit will increase to $176,100. Most workers pay 6.2% of their income, which means the maximum tax burden is $10,918.20. That exceeds the maximum tax burden ...
In fact, in the coming year, Social Security will undergo a number of big changes. ... In 2025, a single work credit is worth $1,810, up from $1,730 in 2024. So if you want your four work credits ...
The Social Security Administration announced benefit checks will rise 2.5% in 2025. ... ($23,400 per year) in 2025 before the SSA will start withholding benefits, at the rate of $1 in benefits for ...
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.
Social security benefits were reduced by two-thirds of the non-covered government pension amount. [1] Note this is not two-thirds of the Social Security benefit; for example, a $600 non-covered pension benefit would reduce Social Security spousal benefits by $400, regardless of whether the spouse was entitled to $500 or $1000 on the Social Security record of the number holder.
Here's the big picture: While the 2.5% COLA in 2025 is the smallest increase in Social Security benefits in four years -- 3.2% in 2024, 8.7% in 2023, and 5.9% in 2022 -- that means prices across ...