Social Security Cola 2024 Calculator Irs. The social security cola for 2023 was 8.7%. It updates the 2024.1 version by updating the projected benefit increases and.

For 2024, the 3.2% cola increase resulted from inflation during 2023. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024.