$2024 Stimulus Checks For Seniors 2024. No matter what 2024's social security cola ends up being, seniors should be aware that a hike in medicare part b premiums has the potential to whittle that raise down. Those who are 62 years or older and have paid into social security throughout their lives are eligible to receive social security checks, according to.
And for heads of households, the standard deduction will be $21,900 for tax year. Beneficiaries who rely on monthly checks from the social security administration will get a 3.2% benefit increase now that the calendar has turned to 2024.