Social Security and Supplemental Security Income (SSI) benefits for nearly 69 million Americans will increase 3.2% in 2024. This is the annual cost-of-living adjustment (COLA). By law, federal benefits increase when the cost of living rises (CPI-W). Medicare Part B will increase to $174.70 for the average person. $168,600 Maximum earnings subject to Social Security Tax.
ARE SOCIAL SECURITY BENEFITS TAXABLE?
Short Version: If you are married filing jointly, your social security is taxable above $32,000. If you are single the number is $25,000. Those income amounts would include the usual, (wages, pensions, business income, etc.), PLUS 1/2 your social security.
Here is the Social Security link on that question
Here's the IRS worksheet link
AT WHAT AGE AM I ELIGIBLE FOR SOCIAL SECURITY? You can begin receiving Social Security at age 62
WHAT IF I'M WORKING WHILE RECEIVING SOCIAL SECURITY?
Short Version: If you are full retirement age (66 right now), nothing happens to your social security, and the above rules apply on taxability. If you started receiving social security before full retirement age, then your social security will be reduced by $1 for every $2 for the amount you earn over, $21,240 in 2023, $22,320 in 2024. If you reach full retirement age during 2024, SSA will deduct $1 from your benefits for each $3 you earn above $59,520 until the month you reach full retirement age. Have Social Security withhold federal tax from my check
Here's an informative link
Here are the Social Security Calculators