The 2025 Social Security Cost-of-Living Adjustment (COLA) Might Not Increase Your Monthly Benefits as Much as You Think
The Social Security Administration will only withhold taxes from your monthly checks if you ask it to, and then only in preset percentages ranging from 7% to 22%. But whether the SSA withholds taxes from your monthly check or not, next year's COLA is likely to come with an extra tax burden for many retirees.