Social Security 2024 Max Payment

Social Security 2024 Max Payment. Multiply any amount over $1,174 up to $7,078 of your aime by 32%. If you started claiming social security before may 1997 or if get both social security and ssi benefits, you'll get the new cola in a dec.

That is, workers paying into the system are taxed. For example, in 2024, if you want to receive the maximum social security amount when you retire, you’ll need to make at least $168,800 annually, an $8,400.