Latest News
Key Social Security Changes Set to Hit in January
The 2025 cost-of-living adjustment (COLA) announced last month is generally known at this point, but there are two additional key changes that folks need to keep in mind. For example, the annual limit on taxable earnings increases starting in January, going from $168,600 to $176,100, the result of changes in the national average wage index. Another key statistic changing for 2025 is the “earnings test” applied to wages earned by beneficiaries who have not reached their full retirement age (FRA). The factor increases from $22,320 in 2024 to $23,400 in 2025 for those who haven’t yet reached the year of their FRA, and there are different test limits for the year the worker reaches FRA.
For additional detail on these key changes, check out the article posted by The Motley Fool’s Adam Levy here.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.