2024 Cost Of Living Social Security Tax. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. October is a busy month for social security, with the program releasing key changes that will take place in the upcoming year.
So, if you earned more than $160,200 this last year, you didn’t have to pay the social security. October is a busy month for social security, with the program releasing key changes that will take place in the upcoming year.