Social Security Income Cap 2025 Increase. Each year, the government sets a cap on how much of your earnings can be taxed for social security. Inflation continued to cool last year, resulting in a 2.5 percent cola for 2025 for people receiving social security payments, down from 3.2 percent in 2024.
Social security wage cap and benefit amounts increase for 2025, ssa press release: Social security benefits and supplemental security income (ssi) payments for more than 72.5 million americans will increase 2.5 percent in 2025, the social security administration announced today.