New Withholding Tables For 2024 Social Security – But don’t worry if you’re not quite sure where you stand for either the 2023 or 2024 tax year—you’ve come to the right place. I’ll lay out the seven tax brackets and rates for both years in . These Social Security checks should reflect the new 3.2% cost-of-living adjustment (abbreviated COLA) for 2024. That’s lower than last year’s historic 8.7% increase, but still above average .
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