3 Social Security Changes You Probably Didn't Know About

1. Benefits saw their greatest increase in decades.

As a result, beginning in 2024, Social Security payouts for seniors increased by 5.9%. And at the time, the rise appeared to be substantial.

2. Those with greater earnings paid a greater Social Security tax

As a result, you may not have noticed that the wage ceiling increased from $142,800 to $147,000 in 2024, requiring higher incomes to pay taxes on an additional $4,200 of income.

3. Work credits become more difficult to get

In 2024, the price per credit increased from $1,470 to $1,510. Therefore, if you work really part-time and don't earn enough, you may not receive your four credits this year.

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