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13 Οκτ 2022 · Social Security Benefits Increase in 2023. Approximately 70 million Americans will see a 8.7% increase in their Social Security benefits and Supplemental Security Income (SSI) payments in 2023. On average, Social Security benefits will increase by more than $140 per month starting in January.
The table below shows the monthly maximum Federal SSI payment amounts for an eligible individual, and for an eligible individual with an eligible spouse, beginning with the amounts for July 1975. For 1976-83, the amounts shown became effective for July of the stated year.
9 Οκτ 2022 · The large COLA, an 8.7 percent increase that begins in January, will push some retirees over income thresholds that require them to pay income taxes on part of their Social Security benefit.
13 Οκτ 2022 · The average Social Security retiree benefit will increase $146 per month, to $1,827 in 2023, from $1,681 in 2022. The Senior Citizens League, a nonpartisan senior group, had estimated last...
The maximum monthly SSI payment for 2023 is $914 for an individual and $1,371 for a couple. Your amount may be lower based on your income and other factors.
Find out the 8.7 percent COLA for 2023 for Social Security and SSI beneficiaries, as well as other important changes in tax rates, earnings limits, and benefit amounts. See the tables and charts for details and comparisons.
28 Νοε 2022 · Each year, Social Security bases the cost-of-living adjustment (COLA) on changes in the Consumer Price Index. For 2023, Social Security benefits and Supplemental Security (SSI) payments will increase by 8.7%.
