At the end of last year, the Social Security Administration mailed an important letter to all Social Security beneficiaries about their new cost-of-living adjustment increase. You may need it this year, so put that piece of mail on your COLA information in a safe place.
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 first COLA payment you received in January wasn’t 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 for understanding your 2024 benefits. Also, find out if you actually need to file your taxes this year.
I didn’t get my COLA letter in the mail. Now what?
The Social Security Administration told CNET that it sent out letters in the mail throughout the month of December, so you should have already received your notice.
However, if you think you may have tossed or misplaced it, contact the Social Security Administration as soon as possible. The agency can help you track down where the letter is or replace it if it’s lost.
Is my new Social Security benefit amount online somewhere?
You might be able to find your 2024 benefit amount online if you had an online My Social Security account set up before Nov. 15, 2023. If so, you’ll be able to access your statement in the Messages Center. Otherwise, you’ll need to wait for a new letter to arrive after you request it.