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2024 is fast approaching; here’s how Social Security will change - Motley Fool

As we enter this year’s holiday season and get all caught up in the spirit of Thanksgiving, Christmas, and Hanukkah, 2024 will soon be upon us, ushering in a spate of regular annual changes to the nation’s Social Security program. Social Security sends benefits to about 71 million Americans each month, and millions more will likely apply for benefits in the new year, so it’s important to know the basics – especially what changes will apply after our New Year’s Eve celebration is over.

This Motley Fool article by Christy Bieber explains that the year 2024 will see several important changes to Social Security – among them that beneficiaries are getting a raise, but higher earners will pay more in SS taxes. Click here to learn about the four important ways that Social Security is changing in 2024.

Also, if you’re unsure about how these basics apply to you, or if you have any questions about your individual situation under Social Security, note that the AMAC Foundation provides a free-to-the-public advisory service to help Americans navigate the complexities of this program. All questions are answered quickly, at no charge.Learn more about it here…

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