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Cola 2024 Social Security Increase Updates
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Cola 2024 Social Security Increase Updates. Analysts estimate that the maximum. 2024 cost of living adjustment.
According to the associated press, the cola is likely to come in at 2.5%, down from the 3.2% increase for 2024 and significantly less than the 8.7% increase in 2023. The maximum amount of earnings subject to social security payroll taxes was $168,600 for 2024, up from $160,200 in 2023.
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