Social Security Cola 2024 Calculator Adp. Thus, an individual with wages equal to or larger than $168,600. The monthly maximum federal amounts for 2024 are $943 for an eligible individual, $1,415 for an eligible individual with an eligible spouse, and $472 for.

(the irs has an online tool you can use to calculate exactly how. A 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said.