Reported 5 months ago
The article discusses six anticipated changes in Social Security for 2025. These include a modest increase in benefits through the cost-of-living adjustment, high earners likely owing more in payroll tax due to an increase in the maximum taxable earnings cap, an expected rise in the maximum monthly benefit for high-earning workers, an increase in disability income thresholds, higher early filer withholding thresholds, and a likelihood of it being incrementally tougher to qualify for Social Security benefits. These adjustments are crucial for current and future beneficiaries, with the COLA forecasted at around 2.7% and various thresholds and benefits expected to see slight increases.
Source: YAHOO