Social Security Limit 2024 Increase Over Time. The nation's 72 million social security beneficiaries will get a raise starting in 2024 to keep their benefits aligned with inflation. The maximum amount of earnings subject to the social security tax will increase to $168,600.
Social security benefits increased by 3.2% in 2024. It’s $4,873 per month if retiring at 70 and $2,710 for retirement at 62.