Social Security Increase 2024 Calculator. Each year we review the records for every working social security beneficiary to see if their additional earnings will increase their monthly benefit amount. There are two ways you can calculate how much your 2024 monthly social security check may be, according to joe elsasser, a certified financial planner and founder and president of covisum,.
The calculation for social security benefits is pretty simple. If an increase is due, we calculate your new benefit amount and pay the increase retroactive to january following the year of earnings.