2024 Social Security Increase 2024. Washington (ap) — millions of social security recipients will get a 3.2% increase in their benefits in 2024, far less than this year’s historic boost and reflecting. The social security administration (ssa) announced that the maximum earnings subject to social security (oasdi) tax will increase from $160,200 to.

12 is apt to be a big day for anyone who collects social security. 5.8 million people were newly awarded social security benefits in 2023.