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There’s a huge cost-of-living increase coming to Social Security recipients this year — the largest adjustment since 1981, thanks to pandemic-prompted inflation.

There’s a huge cost-of-living increase coming to Social Security recipients this year — the largest adjustment since 1981, thanks to pandemic-prompted inflation. But that’s not the only change coming. Other dollar limits on Social Security payroll taxes, taxes on benefits, disability thresholds and qualifying for benefits also will be changing for 2023.

If you need help setting and reaching retirement goals, consider working with a financial advisor.


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