Social Security Max 2024. On average, social security retirement benefits will increase by more than $50 per month starting in january. Here are five important ways social security will be different in 2024.

In 2024, the social security tax known as fica “is assessed against all wages up to a maximum of $168,600,” nancy altman, president of social security works, told thinkadvisor monday in an email. The highest social security retirement benefit for an individual starting benefits in 2024 is $4,873 per month, according to the social security administration.