Social Security Income Limit 2024 Increase. With the increase, the average benefit check will increase $49, rising to $1,907 from this year's $1,858, the agency said. While the 2024 cost of living increase boosted benefits by 3.2%, there's still a cap on how much you're eligible to receive per month, depending on when you begin to receive.
This is an increase from $59,520 in 2024. In 2024, the threshold goes up to $168,600.