2024 Cost Of Living Increase Established. The increase is according to the employment security. Amounts for married couples filing separately.
3 in 5 workers (60%) said their incomes hadn’t kept up with inflation throughout 2023, according to bankrate’s pay raise survey. With the expected adjustment for cost of living for 2024 at 8.7%, if you give an employee an annual salary increase of $10,000, you will need to adjust that amount.