Cola 2024 Prediction Algorithm. The good news is, a much lower cola in 2024 could lead to lower taxes for some social security recipients. In 2024, the cola increase for social security beneficiaries is 3.2%.


Cola 2024 Prediction Algorithm

The cola for 2024 was 3.2%, meaning beneficiaries received a 3.2% boost in benefits starting in january. In 2023, the social security administration indicated the cola would increase by 3.2% in 2024.

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