Social Security Payments Go Up — What It Means for Your Tax Bill
Introduction Each year, millions of Americans eagerly await the annual Social Security cost-of-living adjustment (COLA), which determines how much their benefits will increase. In 2025, the Social Security Administration (SSA) announced a 2.5% COLA increase, reflecting ongoing inflationary pressures and the rising cost of everyday essentials. For retirees, individuals on disability, and those receiving survivor … Read more