Social Security Max 2024 Benefit Increase

Social Security Max 2024 Benefit Increase. 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 2023, the most you can receive from social security is $4,555 per month.

We call this annual limit the contribution and benefit base. While the 2024 cost of living increase boosted benefits by 3.2%, there’s still a cap on how much you’re eligible to receive per month, depending on when you begin to.