Once the Social Security Administration has announced that there will be a 2.5% increase in 2025, many retirees would like to know what the maximum benefit payment will be like in 2025 after COLA.
As of January 2024, the maximum Social Security payment is worth $4,873, up from $4,555. After the COLA boost, this payment will increase even more than the 2025 COLA. But how much money will eligible recipients get from the largest check in 2025?
Maximum Social Security check possible in 2025 after COLA
The Social Security Administration has announced the largest payment possible for retirees in 2025. Actually, a retiree who meets all the requirements will receive a check of up to $5,108.
Therefore, if you qualify for $5,108 in 2025 because you filed at 70 and meet all the conditions, you will receive $235 more than in 2024. As you can see this boost is higher than 2.5% for those higher earners who qualify.
High earners will get a boost of about 4.82% if you compare the maximum Social Security check in 2024 and in 2025. If you are still working, you may want to know how to achieve a check worth $5,108 in 2025.
Requirements to get $5,108 in 2025 from Social Security
The Social Security Administration will only send the largest payment possible in 2025 to those recipients who meet all the requirements. For example, if you have not worked for the minimum number of years, you cannot receive it, but there are 3 more requirements.
- have filed for Social Security at the age of 70
- have worked for a minimum of 35 years
- have earned the taxable maximum for 35 years
- have had jobs covered by SSA
For your information, the taxable maximum is the contribution and benefit base. It keeps going up when there is a COLA increase. In this case, the 2025 taxable maximum is $176,100, up from $168,600.
Needless to say, this is the most difficult part to achieve because many American workers can work for 35 years, have jobs covered by SSA or even many could file at 70. However, earning so much money is only possible for some.