As of August 2018, the trend is for a 2019 COLA of 2.7%
Here is how it’s calculated. The first number is the average CPI-W for July & August 2018. The second number is the average CPI-W for July, August & September 2017.
We can’t control what others do and we can’t stop misfortune from striking. But we can control our own actions. Those who are financially prudent will most likely enjoy success, even if events don’t always go their way.
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Thanks for keeping us informed about the Social Security COLA.
Do you know when the IRS will be announcing the new “Chained-CPI” inflation increase amount for the 2019 standard deductions ??
I found this chart, but not sure if/how it relates.
https://www.bls.gov/news.release/cpi.t05.htm
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Official IRS 2019 inflation figures are not out yet… but here is an interesting Forbes article
” Projected 2019 Tax Rates, Brackets, Standard Deduction Amounts And More ”
https://www.forbes.com/sites/kellyphillipserb/2018/09/14/projected-2019-tax-rates-brackets-standard-deduction-amounts-and-more/
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Thank you for the information
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