Changes in Social Security for 2025

[Jw2]

<a href="https://youtube.com/v/CS3YpPbC_TE?si=2tVI0ZCDrO5ggvJe" target="_blank">https://youtube.com/v/CS3YpPbC_TE?si=2tVI0ZCDrO5ggvJe</a>

[Local5th]

Good information JW. Thank you!

[chuck_curtis]

People get an instant 'cola' of up to 22% after Trump eliminates federal tax on SS bennies.

[D2D]

No COLA has ever kept pace with inflation!

[wvit1001]

The wage cap going up is a good thing but it needs to be increased significantly. 

[D2D]

So Democrats can suck away and waste those dollars on foolish projects!

[wvit1001]

Social Security money doesn't go towards anything but social security payments.

[D2D]

LOL!

Tell us another lie!

[Dan]

1.  COLA - 2.5% (0.9% under CPI)
2.  Wage Cap increase
3.  Bend Points - highest 35 earning years
4.  Earnings Limit increase
5.  Work requirement set to 10 years in order to qualify

[chuck_curtis]

Only 7% of earners will ever see the wage cap.  Too bad for the other 93%.

[Dan]

Their benefits will also be capped.

[Jw2]

People get an instant 'cola' of up to 22% after Trump eliminates federal tax on SS bennies

I doubt you can prove your bs claim.  Are you that dense?



One common misperception is that Social Security benefits are entirely tax-free. However, it has been the rule for many years that some portion — in some cases, up to 85% — of your Social Security benefits can be taxable, depending on your income.

This system can have major implications for retirement planning since the tax calculation involves not only income from Social Security but also other common sources of retirement income like pensions, investments, and tax-exempt interest.

So, understanding how your Social Security benefits are taxed is important for navigating your financial future and making informed decisions to enhance your overall security in retirement.  https://www.ssa.gov/retirement