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What Is The Social Security Increase For 2024 For Seniors

What Is The Social Security Increase For 2024 For Seniors. How much is the increase: The nation's 72 million social security beneficiaries will get a raise starting in 2024 to keep their benefits aligned with inflation.


What Is The Social Security Increase For 2024 For Seniors

The maximum amount of earnings subject to social security payroll taxes was $168,600 for 2024, up from $160,200 in 2023. No matter what 2024’s social security cola ends up being, seniors should be aware that a hike in medicare part b premiums has the potential to whittle that raise.

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