2025 OASDI tax and earnings base increases to $176,100; COLA is 2.5%
Posted by DaveMoll on Oct. 15, 2024 / Subscribe 0
Social Security beneficiaries will see an increase in their monthly checks in 2025 of 2.5%. This cost-of-living adjustment, or COLA, will produce an estimated average monthly benefit of $1,976 for all retired workers in 2025, $49 a month more than in 2024. The COLA increase will be applied to this coming year’s benefits, beginning with benefits for December 2024, which are payable in January 2025.
The amount of earnings subject to taxation under FICA and SECA, the “wage base,” is also going up in 2025. The 2025 wage base of $176,100 is $7,500 higher than the 2024 amount of $168,600.
The Social Security News Release and Fact Sheet, October 10, 2024.
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