Feb 26, 2025 · The repeal law, called the Social Security Fairness Act, is retroactive to cover 2024 benefit payments. Those affected will receive a lump-sum repayment for WEP or GPO …

Oct 10, 2018 · The maximum income cap amount subject to the Social Security tax for 2025 is $176,100. Any excess earnings you make won't be taxed. Learn more here.

Oct 10, 2018 · The special earnings limit rule is an exception to Social Security’s earnings test — the cap on the amount you can make from work in a year without Social Security reducing …

Oct 10, 2018 · Who is eligible for the maximum benefit? People whose earnings equaled or exceeded Social Security’s maximum taxable income — the amount of your earnings on which …

Nov 2, 2023 · Starting in 2025, however, savers ages 60, 61, 62 and 63 have a higher catch-up cap. Those in this group can stash an additional $11,250 in a workplace plan, for a total of …

Oct 10, 2018 · In other words, if your income exceeds the cap on yearly earnings for beneficiaries who have not yet reached full retirement age, Social Security will withhold money from your …

Oct 10, 2018 · In 2025, if you collect benefits before full retirement age and continue to work, the Social Security Administration (SSA) will temporarily withhold $1 in benefits for every $2 you …

Oct 10, 2018 · First, Social Security adjusts your earnings for historical changes in U.S. wages, takes your 35 best-paid years and produces what it calls your average indexed monthly …

Oct 10, 2018 · There is a maximum family benefit, however — a cap on the total amount a family can collect from Social Security on an individual worker’s earnings record (including spousal, …

In 2025, that cap is $23,400. Suppose you earn $30,000 from a part-time job. The difference between that and the earnings limit is $6,660, so $3,330 — half that amount — would be …