Do you still have the cost-of-living adjustment increase letter the Social Security Administration mailed to you last year? Make sure you keep that important note in a safe place because you might need it this year.
The letter from the administration shows how much your new benefit amount should be for 2024, and you may need to use it if you’re planning to apply for loans or energy assistance.
Just as important, if the COLA payments you’ve received so far this year haven’t been what you expected, you can make an appeal to the Social Security Administration and use your COLA letter to show proof of the intended payment amount. For more details about your Social Security benefits, use this cheat sheet to understand your 2024 benefits. Also, find out if you actually need to file your taxes this year.
I didn’t receive my COLA letter in the mail. Now what?
