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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 ...
Most Americans rely on Social Security to make ends meet, with a 2024 Gallup poll finding that 60% of retirees say their benefits are a "major" source of income. Only 4% of U.S. adults can ...
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 ...
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 ...
People with public pensions whose Social Security benefits were previously penalized should make sure their name and address are up to date in their profile on ssa.gov. The SSA will reach out if ...
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.
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.