New Social Security Payment With Increase Coming in January 2025, Official Dates Are Out

New Social Security Payment Schedule

The Social Security Administration (SSA) is rolling out significant updates to its payment schedule and monthly benefits in 2025, including a 2.5% Cost of Living Adjustment (COLA). These changes will impact retirees, survivors, disabled individuals, and Supplemental Security Income (SSI) beneficiaries. Understanding these updates is crucial for managing finances effectively and planning for the year … Read more

New taxes announced on Social Security checks for 2025 – These are the most affected retirees

New taxes announced on Social Security checks for 2025

The recent announcement from the Social Security Administration (SSA) on the increase in the maximum taxable income cap for Social Security taxes will significantly impact both high earners and Social Security beneficiaries starting January 1, 2025. Currently, the maximum taxable income sits at $168,600; however, next year, this cap will rise to $176,100. This change … Read more