2024 Quarter Of Coverage. The social security administration (ssa) also refers to a “quarter of coverage” (qc) as a “social security credit.” you cannot earn more than 4 qcs in one year. 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 that for 1976, or, if larger, the 2023 amount of $1,640.

For 2024, an employee receives one quarter of coverage for each $1,730 of earnings, up to a. Gross premiums written of $1,514.3 million;