2024 Social Security Increase Notification 2024 Pdf. Those limits change from year to year, but in 2024, the base limit is $22,320, up from $21,240 in 2023. The 3.2% cola will add.

According to the social security administration, on average, retired workers currently collect $1,840.27 per month in social security payments, or roughly $22,083.24 per year. Those limits change from year to year, but in 2024, the base limit is $22,320, up from $21,240 in 2023.