Social Security checks will be going up by 2.5% in 2025. The increase will take effect in December and be reflected in January checks. Clients will receive their personalized COLA notice by mail in December, or earlier in their online account if they sign up for text or email alerts.
The Social Security wage base will be going up to $176,100, from the current $168,600. This increase is based on the rise in the national average wage index, which rose by 4.43%. The earnings test threshold will be $23,400 ($1,950 per month), up from $22,320 ($1,860 per month). The FRA-year threshold will be $62,160 ($5,180 per month, up from $59,520 ($4,960 per month).
On October 17th I will be giving a free webinar titled “The 2025 Social Security COLA: How It’s Figured, How It Affects Your Clients.” For more information and to sign up click here.
For more on the COLA see this SSA Fact Sheet and the October 10 press release.