Did Social Security Tax Increase 2024. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. In 2024, the threshold goes up to $168,600.

In 2023, a historic rise of 8.7 percent was granted to retirees and other benefit claimants because of runaway inflation. Why an extra social security payment will come in august.