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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.

Based on that increase, the maximum amount of earnings subject to the Social Security tax (taxable maximum) is slated to increase to $176,100 from $168,600.

Source: https://blog.ssa.gov/social-security-announces-2-5-percent-benefit-increase-for-2025 /

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Posted: 2024-10-11T16:11:58Z