Importance of keeping the COLA letter: The Social Security Administration sent all beneficiaries of Social Security vital correspondence regarding their newly adjusted cost of living in December. That letter should not be lost; you might find it useful this year.
It may be necessary to consult the letter to determine your revised benefit amount for 2024, particularly if you intend to submit applications for energy assistance or loans.
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Equally significant, if the initial COLA payment you obtained in January falls short of your expectations, you have the option to appeal to the Social Security Administration by substantiating the intended payment amount with your COLA letter. To enhance your comprehension of your Social Security benefits in 2024, consult this cheat sheet for additional information. Also, find out if you need to file your taxes this year.
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Unable to locate my COLA letter. Then what?
You ought to have received your notice by now, according to the Social Security Administration’s statement in correspondence with CNET.
However, if you suspect you may have lost or discarded it, you must immediately contact the Social Security office. The administration can assist you in locating the misplaced letter or in finding a replacement.
Where can I locate my updated benefit amount online?
Establishing an online My Social Security account before November 15, 2023, could potentially grant you access to your 2024 benefit amount. You will have access to your statement through the Messages Center if this is the case. You will be required to await the arrival of a new letter following your request.
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