2024 Social Security Increase 2024 Calculator. The nation's 72 million social security beneficiaries will get a raise starting in 2024 to keep their benefits aligned with inflation. The awi is used to index an individual's earnings through age 60 in the benefit calculation formula, and the cola is used to increase benefits annually.

When you calculate how much of your social security benefit is taxable, use the $2,000/month number and multiply that by the number of months to get the annual social. Do you need help figuring out your required minimum distributions?