Social Security increase

5.2% Increase to Social Security Maximum Taxable Earnings – Impact on SSI, SSA, SSDI, and VA Benefits

by
Joe Biden

With a 5.2% increase in Social Security maximum taxable earnings, seniors and other beneficiaries can look forward to higher benefits. This government-mandated adjustment provides an opportunity for recipients to better plan their finances. Last year, the Cost-of-Living Adjustment (COLA) was 8.7%, and many retirees benefited significantly. As always, beneficiaries must pay taxes on their total … Read more

$1200 Increase for Social Security by SSA in 2024 – Eligibility for SSI and SSDI Payments

by
Joe Biden

With the rising cost of living and growing financial uncertainty, the federal government of the United States is set to increase Social Security benefits in 2024. For nearly 40% of American households led by individuals aged 65 or older, these benefits constitute more than half of their income. The Social Security Administration (SSA) determines the … Read more

$2,400 Raise in Benefits Approved in 2024 – Check Eligibility for SSI, SSDI, VA

by
Joe Biden

Many U.S. citizens are eagerly awaiting the $2,400 raise in benefits approved for 2024, particularly for SSI, SSDI, and VA recipients. This substantial increase aims to provide much-needed financial relief to seniors and other qualified individuals, especially during these economically challenging times. In this article, we’ll cut into the details of this new benefit, the … Read more