Income Limit For Ssa 2024 Increase. At that point, payroll taxes and other income will flow into the fund but will be sufficient to pay only about 83% of program costs. If you retire at 62, your maximum benefit will be $2,710 and if you retire at full retirement age in 2024 your maximum benefit is $3,822, the ssa says.

This adjustment will affect social security retirement, disability, and ssi payments. On average, social security retirement benefits will increase by about $50 per month starting in january.