If you’re going through old mail to throw away, think twice before tossing your cost-of-living adjustment increase letter in the trash. You might need it later this year.
The letter from the Social Security 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?
