Max Social Security Benefit Amount 2024 Increase

Max Social Security Benefit Amount 2024 Increase. Workers contribute payroll taxes to social security up to what is known as a taxable maximum. The estimated average social security benefit for retired workers in 2024 is $1,907 per month.

For more, here’s why you may want to pause social security benefits now to get more money later. The maximum benefit depends on the age you retire.