Ssa Cost Of Living Increase 2024 Increase. Social security benefits will see a cola increase of 3.2% in 2024, the social security administration announced thursday morning. This would be a much smaller raise than the.
The cola will take effect with. Based on that increase, the maximum amount of earnings subject to the social security tax (taxable maximum) will increase to $168,600 from $160,200, ssa said.