Social Security for 2023

by: Begley Law Group

On October 13, 2022, the Social Security Administration announced an 8.7% benefit increase for Social Security recipients in 2023.  On average, Social Security benefits will increase more than $140 per month beginning January 1.  The benefit increases are as follows:


Maximum Social Security benefit for a single individual retiring at full retirement age         $3,627

Single SSI payment                                                                                                    $914

Married Couple SSI payment                                                                                   $1,371

Essential Person SSI payment                                                                                   $458

Substantial Gainful Activity Threshold – Disabled                                               $1,470

Substantial Gainful Activity Threshold – Blind                                                     $2,460

Trial Work Period                                                                                                        $1,050

Maximum Social Security Contribution and Benefit Base                                  $160,200

Quarter of Coverage                                                                                                     $1,640