Janna Loraine

2024 Cost Of Living Increase. 3 in 5 workers (60%) said their incomes hadn’t kept up with inflation throughout 2023, according to bankrate’s pay raise survey. In 2024, the threshold for the 28% bracket will increase by $11,900 for all filing statuses except married filing separately, which will increase by half that amount.

That’s because the social security administration bases its annual. The average beneficiary will see a $54 increase in their benefit amount.