Social Security Changes Coming in 2024: Higher Earnings to Qualify, 3.2% COLA, Higher Tax Cap and Benefits

Workers will need to earn more income to qualify for Social Security credits.
Social Security beneficiaries are expected to get a 3.2% cost-of-living adjustment (COLA).
The maximum amount of income subject to Social Security taxes will increase to about $167,700.
The maximum Social Security benefit at full retirement age will likely increase to about $3,758 per month.
Early claimers will be able to earn more income before benefits are withheld due to the retirement earnings test limits increasing.