2024 Cost Of Living Increases. But prices will remain high: The irs has increased the standard deduction amounts for all filing statuses in 2024 to adjust for inflation.


2024 Cost Of Living Increases

Data from the consumer price index (cpi), a key metric from the bureau of labor statistics used to measure inflation, show that prices increased 3.2 percent between february 2023 and february. Social security benefits will increase by 2.5 percent beginning with the december 2024 benefits, which are payable in january 2025.

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