Good News for Mississippi!
Thousands of Social Security beneficiaries in Mississippi will see changes in 2025. Here's what you need to know!
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What’s Changing in 2025?
Social Security benefits will increase by 2.5% COLA in January 2025. That’s about $50 more per month!
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How Many People Benefit?
Over 469,500 retirees and 106,000 SSI recipients in Mississippi will get this boost. Other payments like disability and spousal benefits are included too!
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Know Your Retirement Age
Born before 1954? Full benefits at 66. Born in 1960 or later? Full benefits at 67. Waiting until 70? Your monthly payment increases even more!
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Recent COLA Increases
2023: 8.7% (the highest in decades!) 2024: 3.2% 2025: 2.5%
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Taxes on Benefits
If you earn over $62,160 in 2025, taxes may apply to your benefits. But once you reach your full retirement age, earnings won’t reduce your payments.
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Can You Work While Receiving Benefits?
Yes! You can earn extra income. But if you haven’t reached FRA, income over the limit may reduce your payments temporarily.
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Read More Full article on good news for Mississippi!
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