Social Security Increase 2024 Announcement

Social Security Increase 2024 Announcement. The announcement comes as the national. The maximum amount of earnings subject to social security payroll taxes was $168,600 for 2024, up from $160,200 in 2023.


Social Security Increase 2024 Announcement

Millions of social security recipients will get a 3.2 percent increase in their benefits in 2024, far less than this year’s historic boost and reflecting moderating consumer prices. In advance of the announcement, analysts predicted that the increase would be about 2.5% for 2025, smaller than increases the previous two years.

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