2023 Cost-of-Living Adjustment (COLA)

October 2022: The MLO Minute: “2023 Cost-of-Living Adjustment (COLA)” By Kelly Hayes, Esq., MLO Estates and Trusts Attorney— The Social Security Administration recently issued the 2023 Cost-of Living Adjustment (COLA).  Social Security and Supplemental Security (SSI) beneficiaries will receive an 8.7% COLA for 2023.  COLA notices are typically mailed out to retirement, survivors and disability…

2023 Inflation Adjustments

October 2022: The MLO Minute: “2023 Inflation Adjustments” By Kelly Hayes, Esq., MLO Estates and Trusts Attorney — It’s that time of year again…the IRS recently issued 2023 inflation adjustments for various tax provisions, including increased exemption amounts for the estate, gift and generation skipping transfer taxes and an increase to the annual exclusion amount…