IRS New Year Gift: $1907 Social Security Checks for January 2024!

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Checks will be issued early on December 29, 2023 for January 2024 payout. This allows some to receive funds by January 3.

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Others may not receive checks until just before January 24 due to issuance timing.

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Important to note the issuance date doesn't match the check month. Recipients should plan finances accordingly.

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Starting January 2024 there will be a slight increase in median monthly Social Security payments.

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Payments are projected to range from $1,848 to $1,907, a 3.2% increase.

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This is a routine cost-of-living adjustment (COLA) based on recipient's anniversary.

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The 8.7% COLA increase in 2023 was considerably higher than previous years. The increase helps address rising costs and support retirees.

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for Detailed Information

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