Expected 2024 Social Security Cola

Expected 2024 Social Security Cola. When will i see the cola increase in my social security check? The maximum amount of earnings subject to social security payroll taxes was $168,600 for 2024, up from $160,200 in 2023.

According to the associated press, the cola is likely to come in at 2.5%, down from the 3.2% increase for 2024 and significantly less than the 8.7% increase in 2023. At the start of 2024, social security benefits rose by 3.2%.