Social Security Increase 2024 $600 2024 Per Year. The cola increase raises social security payments by 3.2%. How much is the increase:

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 moderating. In 2024, social security will tax wages up to $168,600, up from $160,200 in 2023.