As 2025 approaches, significant changes to Social Security are on the horizon, impacting both retirees and workers.
Last year, the wage cap or the limit on taxable earnings sat at $168,600. In 2025, this increases to $176,100. This means that those earning more than $176,100, will pay no more than $10,918 in social ...
Over three million retirees who worked in the public sector, or are entitled to spousal or surviving spousal benefits, will ...
The silver lining, though, is that the more payroll tax revenue Social Security collects, the better job the program ...
These adjustments, announced by the IRS in October 2024, reflect an approximately 2.8 percent increase in income thresholds ...
Retirees with public pensions and their spouses are now eligible for their full Social Security benefits.