Reported about 15 hours ago
In 2025, significant adjustments to Social Security will take effect, including a 2.5% increase in benefits and higher earnings-test limits for beneficiaries under full retirement age. The wage cap for Social Security taxes will also rise to $176,100. However, the outdated tax threshold for retirement benefits, set long ago, remains unchanged, continuing to burden many retirees with taxes on their benefits despite the rising cost of living.
Source: YAHOO