Social Security Benefits Set to Increase in 2024.

Social security benefits and supplemental security income is set to increase by 3.20% in 2024. This is due to the Cost of Living Adjustment measured by the Department of Labor’s Consumer Price Index. Letters will be mailed out to all eligible recipients throughout December, but you can log into your benefits portal if you wish to see that amount sooner!

Social Security Benefits Portal

For more information, please visit the official Social Security Administration Page.

Social Security Administration Release

Disclaimer: The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Jeffrey Kurtz CPA LLC to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact Jeffrey Kurtz CPA LLC prior to taking any action based upon this information. Jeffrey Kurtz CPA LLC assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

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