Social Security Limit 2024 Increase 2024. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024, the social security administration. This adjustment will affect social security retirement, disability, and ssi payments.
Maximum social security benefit will increase. The social security administration (ssa) announced that the maximum earnings subject to social security (oasdi) tax will increase from $160,200 to $168,600 in 2024 (an increase of $8,400).