2024 Quarter Of Coverage Social Security. The law specifies that the quarter of coverage (qc) amount for 2025 is equal to the 1978 amount of $250 multiplied by the ratio of the national average wage index for 2023 to that for 1976, or, if larger, the 2024 amount of $1,730. The law specifies that the quarter of coverage (qc) amount for 2024 is equal to the 1978 amount of $250 multiplied by the ratio of the national average wage index for 2022 to.

For those receiving social security, you’ve likely noticed an increase in your benefits in the new year. To be eligible for a social security retirement benefit, you must earn 40 credits.