2024 Social Security Wage Limit Increase. Fra is 66 years and 6 months. The internal revenue service has announced an increase in the social security wage base to $168,600, up from $160,000.

The maximum benefit for a worker who claims social security at full retirement age (fra) in 2024 will be $3,822 a month, up from $3,627 in 2023. Don’t expect a substantial cost of living amount (cola) increase in your social security checks in 2025.