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Technically, the Social Security Administration first applied the 2.5% cost-of-living adjustment (COLA) to the December 2024 benefit. 5 2025 Social Security Rules That Take Effect Today Skip to ...
Social Security is primarily funded by the 12.4% payroll tax collected on earned income (wages and salary, but not investment income). In 2024, earned income between $0.01 and $168,600 was subject ...
Here are some of the differences between Social Security and SSI: Social Security benefits might be paid to you and certain members of your family if you worked long enough and paid Social ...
Image source: Getty Images. 1. The cost-of-living adjustment. Seniors get a bump in their Social Security benefit every year called the cost-of-living adjustment ().The 2025 COLA of 2.5% was ...
Image source: Getty Images. 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 ...
Seniors and other Social Security recipients can also log into their personal my Social Security account — if those accounts were created before November 20 — to see their COLA notice starting ...
Image source: Getty Images. 1. Make sure your earnings record is accurate. It's a bad thing for the Social Security Administration (SSA) to have missing income for you on file.
Some people receive both Social Security benefits and SSI. Jan. 8, 2025: This is when the first regular Social Security payments with the new COLA will be issued — the second Wednesday of the month.