Social Security Income Limit 2024 Increase. This adjustment will affect social security retirement, disability, and ssi payments. In 2024, the annual increase to social security benefits (cola) will be 3.2%.

More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. In 2024, beneficiaries who will not reach fra until a later year have $1 withheld from their social security payment for every $2 in work income above $22,320 (up from.