Social Security recently announced its annual cost of living adjustment, or COLA, for 2025 and also recently announced there will be some other adjustments coming to various programs as well.

Jack Myers with Social Security indicates the maximum amount of earnings taxable by Social Security will increase from $168,600 in 2024 to $176,100 in 2025.

According to Myers, the amount of income required to earn one "credit" will increase from $1,730 to $1,810 in 2025. This is gross wages or net earnings from self-employment and requires 40 credits for retirement benefit eligibility with the ability earn up to 4 credits per year.

Earnings limits for those Social Security benefits that are not based on disability includes the under full retirement age in all of 2025 limit will increase from $22,320 to $23,400. Myers details more on that change.

Additionally, SSI Federal payment maximum amount is increasing from $943 per month to $967 per month - a 2.5% increase. And the maximum Social Security benefit for a worker retiring at full retirement age is increasing from $3,822 to $4,018 per month.

Get more at ssa.gov.