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The COLA takes effect with December benefits, which appear in checks distributed in January 2023. Social Security payments are made following a rollout schedule based on the date of birth of the beneficiary.
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The monthly for 2023 is $914 for a qualifying individual, $1,371 with a qualifying spouse, and $458 for a dependent.
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Social Security increases for 2023 will increase your benefit payments by 8.7% each month beginning in January.
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