Did Social Security Tax Increase 2024 . How is social security taxed in 2024? Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024.
The nation’s 72 million social security beneficiaries will get a raise starting in 2024 to keep their benefits aligned with inflation. The social security administration (ssa) announced that the maximum earnings subject to social security (oasdi) tax will increase from $160,200 to $168,600 in 2024 (an increase of $8,400).
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