Social Security Increase 2025 Announcement Definition

Social Security Increase 2025 Announcement Definition. Social security benefits and supplemental security income (ssi) payments for more than 72.5 million americans will increase 2.5% in 2025, the social security administration announced today. The 2.5% cola will begin with.

The maximum amount of earnings subject to the social security tax (taxable maximum) will increase to $176,100, from $168,600 in 2024. In 2022, social security beneficiaries saw a 5.9% boost to benefits, which was followed by a higher 8.7% increase in 2023.