In 2025, Social Security has seen important changes, including a 2.5% rise in benefits due to a cost-of-living adjustment and increased earnings limits for seniors working while receiving benefits. The wage cap also saw a $7,500 increase, benefiting funding efforts. The Social Security Fairness Act's passing eliminates provisions that reduced benefits for some seniors, potentially increasing payouts for over 3 million individuals. Given these ongoing updates, further changes to Social Security might be expected before year-end.
Social Security benefits rose 2.5% this year, the wage cap increased by $7,500, and significant changes from the Social Security Fairness Act are set to positively impact millions.
With the Social Security Fairness Act passing, the Windfall Elimination Provision and Government Pension Offset will no longer affect seniors, potentially increasing their monthly benefits.
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