Social Security Income Limit 2024 Increase. Social security and supplemental security income (ssi) benefits for approximately 70 million americans will increase 3.2 % starting in january 2024, far less than the previous two years’ 5.9%. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024.
Earnings above that level are not taxed for the. The maximum benefit for a retired worker who claims at full retirement age will go up to $3,822 per month in 2024, up from $3,627 per month in 2023.