The SSA will initiate a 2.5% cost-of-living adjustment in 2025, ensuring that Social Security and SSI benefits keep pace with inflation impacting recipients' payments beginning January 2025.
Tax rates for Social Security and Medicare remain unchanged, with employees still contributing 7.65% and the self-employed 15.30%. The taxable maximum for Social Security rises to $176,100 in 2025.
Updated income thresholds for receiving Social Security benefits mean individuals must earn $1,810 in 2025, a rise from the previous year's $1,730, with changes to retirement income limits providing more flexibility for earning.
The SSA also raises disability benefits, with individuals now able to earn up to $1,620 monthly without losing benefits, as the SGA threshold increases significantly for both blind and non-blind recipients.
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