The Social Security Administration has announced several key changes to its benefits and rules, set to take effect in January 2025. These updates include adjustments to the cost-of-living adjustment (COLA), changes to the earnings subject to Social Security tax, and revisions to the disability determination process. This article will provide a detailed overview of these changes and how they may impact beneficiaries.
Tag: COLA
Upcoming Social Security Updates: What to Expect in January 2025
The Social Security Administration has announced several significant changes to take effect in January 2025. These updates aim to improve the overall efficiency and accuracy of the system, while also providing additional support to beneficiaries. Some of the key changes include an increase in the cost-of-living adjustment (COLA), modifications to the tax withholding process, and the implementation of a new online service for recipients.