Social Security 2024 Cola Increase Projection

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Social Security 2024 Cola Increase Projection. These estimates are derived from the intermediate assumptions in the 2024 trustees report. The latest forecast for next year’s social security increase rose to 3.2% last month.


Social Security 2024 Cola Increase Projection

The maximum amount of earnings subject to social security payroll taxes was $168,600 for 2024, up from $160,200 in 2023. The cola was 3.2% in 2024.

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