2024 Cost Of Living Increase Social Security 2024. How much will my social security payment be with the 2024 cola increase? The maximum amount of earnings subject to social security payroll taxes was $168,600 for 2024, up from $160,200 in 2023.

While social security payouts get larger each year thanks to the cola, a recent survey by tscl found 55% of retirees have more than $2,000 in monthly expenses, well. Based on current estimates as of september 2023, the.