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In contrast, the 2023 adjustment was a substantial 8.7% to account for high inflation in 2022.
Here are some otherthings you should know about Social Security in 2025.
For those reaching FRA in 2025, the limit increases to $62,160.
Orman clarified that any withheld benefits due to this earnings test are only temporary.
Once you reach your FRA, your benefit is recalculated to account for what was withheld, Orman said.
This means withheld benefits are eventually restored through adjustments.
Income above this threshold will remain exempt from Social Security taxes.
Orman advised beneficiaries and future retirees to stay informed about these adjustments as part of their retirement planning.
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