Social Security Limit 2024 Increase. Here are five important ways social security will be different in 2024. To help pay for those changes, it would require people with more than $400,000 in income to pay more social security payroll taxes.
With the increase, the average benefit check will increase $49, rising to $1,907 from this year’s $1,858, the agency said. This features a notable increase of 5.2% from 2023โs $160,200.