2024 Quarter Of Coverage Social Security. The amount of income needed to earn a “quarter of coverage;” and the. Social security beneficiaries will receive a monthly benefit increase of 3.2 percent in 2024, according to an announcement from the social security administration on oct.
The amount of income needed to earn a “quarter of coverage;” and the. Eligibility for social security is determined by quarters of coverage or credits, with one credit awarded up to a maximum of four a year for covered earnings set at $1,730 in 2024.