Social Security Max 2024 Increase
Social Security Max 2024 Increase. Social security benefits increased by 3.2% this year. In 2024, beneficiaries who will not reach fra until a later year have $1 withheld from their social security payment for every $2 in work income above $22,320.
That comes out to $58,476 per year. The most a person who retires at age 70 in 2024 will receive from the government is $4,873.