Friday, February 19, 2021

Getting Ready for Tax Season: Cost-of-Living Adjustment for 2021 and More

Getting Ready for Tax Season: Cost-of-Living Adjustment for 2021 and More


Did you know that Social Security and Supplemental Security Income (SSI) benefits for 70 million Americans will increase in 2021? This adjustment ensures that the benefits provided match the rise in the cost of living as measured by the U.S. Department of Labor’s Consumer Price Index (CPI-W), which rises when inflation increases.

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