Social Security Benefits to Increase in 2018
Reading Time: 1 MinuteLast Updated: October 13, 2017
When we announce the annual cost-of-living adjustment (COLA), there’s usually an increase in the Social Security and Supplemental Security Income (SSI) benefit amount people receive each month. Federal benefit rates increase when the cost of living rises, as measured by the Department of Labor’s Consumer Price Index (CPI-W).
The CPI-W rises when prices increase, making your cost of living go up. This means prices for goods and services, on average, are a little more expensive. The COLA helps to offset these costs. As a result, more than 66 million Americans will see a 2.0 percent increase in their Social Security and SSI benefits in 2018.
Other changes that will happen in January 2018 are based on the increase in the national average wage index. For example, the maximum amount of earnings subject to Social Security payroll tax will increase to $128,700. The earnings limit for workers younger than “full” retirement age will increase to $17,040 and the limit for people turning “full” retirement age in 2018 will increase to $45,360.
You can find more information about the 2018 COLA here.
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Tags: Cost of living adjustment, Social Security benefits
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Jim Borland, Acting Deputy Commissioner for Communications
Jim Borland, Acting Deputy Commissioner for Communications
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JESSIE H.
I WISH TO RECEIVE MY SSA STATEMENT FOR 2018. I HAVEN’T GOTTEN IT YET. MY ADRESS IS P.O.BOX 842 MASCOTTE,FL 34753. THANKS JESSIE H. CONRAD. I MARRIED BUT DIDN;T CHANGE MY NAME.
A.C.
Hi, Jessie. For your security, we do not have access to private information in this venue. You can request a replacement SSA-1099/1042S for Tax Year 2018 by visiting your personal my Social Security account. You can also contact or visit your local Social Security office. They can assist with a replacement 1099.
Just a reminder – please be cautious about posting personal information on social media. We hope this helps.
Elaine Z.
I would like to change my mailing address and need to contact my local ss office in Ocala, FL with questions
JAIMIE
THE ONLY AWARD LETTER YOULL GET FROM US IS SENDING YOU AN OBITUARY WITH A BULLET IN YOUR SONS HEAD AND LEAVE YOU GRIEVING
howard r.
i need to get a copy of my grandsons SSI award letter for 2019. I will give you the needed info when you reply to this comment
thx
OSCAR P.
I NEED A AWARD LETTER FOR MY FRIEND LILIANA LEPAGE S.S.#*** – ** – ***,PLEASE
A.C.
Hi, Oscar. For your friend’s security, we do not have access to private information in this venue. Good news, though. Your friend can view, print, and save their benefit verification letter using their personal my Social Security account online. For questions regarding their benefit verification letter, we ask that members in our Blog community contact our offices. Your friend can call our toll-free number at 1-800-772-1213 for assistance. Representatives are available between 7:00 a.m. and 7:00 p.m., Monday through Friday. They will generally have a shorter wait time if they call later in the day. We hope this helps.
helen g.
trying too find out if i can recive any money from my husbands s.s.hes in a nursing home /we are seperated but still married..
Doctor
We want to see someone go around and stick all the people that are JOKERS with H. I. V than smile at them
Doctor
CAN YOU THINK OF ANYONE THAT YOUVED EVER WANTED TO TELL TO FUCK OFF AS BEING A JOKER or SCOLDER WELL THATS A START
NURSE
START TELLING PEOPLE THEY NEED A BLOOD TRANFUSION WHEN THEY DONT FOR ALL THE TIMES THEYVE SCOLDED YOU OR WAS A JOKER THATS A GOOD WAY TO GET THEM BACK
DOCTOR
JUST IN TIME FOR THE GOVERNMENT SHUT DOWN ?