Social Security Changes for 2023

The Social Security Administration (SSA) announced that there will be an 8.7% increase in benefits in 2023.  If you do not already have a SSA account, you can create one on the SSA website at “”.

For those still working, the SSA also announced that the maximum amount of earnings subject to the Social Security tax (taxable maximum) will increase to $160,200 from $147,000.