Key Social Security Updates for Retirees in 2025

In 2025, Social Security benefits will increase by 2.5% due to a cost of living adjustment (COLA), and the maximum monthly benefit will rise to $5,108. The income subject to Social Security taxation will increase to $176,100. Earnings limits for those below full retirement age will also rise, affecting how much can be earned before benefits are withheld. Disability and survivor benefits will see increases, and Medicare Part B premiums are expected to rise. These changes are crucial for retirees to consider in their financial planning.