2024 Cost Of Living Increase Social Security Tax

2024 Cost Of Living Increase Social Security Tax. Starting in january, the estimated average monthly retirement benefit will increase by 3.2%, or $59 a month, for 2024 — from $1,848 to $1,907. Here's when social security beneficiaries will see the.

The social security administration’s cost of. Starting in january, social security benefit payments for 66 million beneficiaries will rise 3.2% to keep up with the cost of living, the social security administration said thursday.