The Social Security Administration announced today that Social Security and Supplemental Security Income (SSI) benefits will increase 2.5 percent in 2025. Social Security retirement benefits will increase by an average of about $50 per month starting in January 2025.
Social Security begins notifying people about their new benefit amount by mail starting in early December.
The maximum taxable earnings will increase from $168,600 in 2024 to $176,100 in 2025.
The non-blind Substantial Gainful Activity (SGA) limit will increase from $1,550 per month to $1,620 per month in 2025, and the maximum monthly SSI benefit will be $967 for individuals and $1,450 for eligible couples.
SSA anticipates that the average monthly Social Security benefit for all disabled workers in 2024 will be $1,580.
For more details, contact O’Brien & Feiler or view the SSA Fact Sheet here.