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20162017
Social Security Cost-of-living adjustment (COLA)

For Social Security and Supplemental Security Income (SSI) beneficiaries

0%0.3%
Tax rate

FICA tax–Employee

7.65%7.65%

Social Security (OASDI) portion of tax

6.20%6.20%

Medicare (HI) portion of tax

1.45%1.45%

Self-Employed

15.30%15.30%

Social Security (OASDI) portion of tax

12.40%12.40%

Medicare (HI) portion of tax

2.90%2.90%
Maximum taxable earnings

Social Security (OASDI only)

$118,500$127,200

Medicare (HI only)

No limitNo limit
Quarter of coverage

Earnings required

$1,260$1,300
Retirement earnings test–exempt amounts

Under full retirement age

Benefits reduced by $1 for each $2 earned above:

Yearly figure

$15,720$16,920

Monthly figure

$1,310$1,410

Year individual reaches full retirement age

Benefits reduced by $1 for each $3 earned above (applies only to earnings for months prior to attaining full retirement age):

Yearly figure

$41,880$44,880

Monthly figure

$3,490$3,740

Beginning the month individual attains full retirement age

No limit on earningsNo limit on earnings
Social Security disability thresholds

Substantial gainful activity (SGA): for the sighted (monthly figure)

$1,130$1,170

Substantial gainful activity: for the blind (monthly figure)

$1,820$1,950

Trial work period (TWP) (monthly figure)

$810$840
SSI federal payment standard

Individual (monthly figure)

$733$735

Couple (monthly figure)

$1,100$1,103
SSI resource limits

Individual

$2,000$2,000

Couple

$3,000$3,000
SSI student exclusion limits

Monthly limit

$1,780$1,790

Annual limit

$7,180$7,200
Maximum Social Security benefit

Worker retiring at full retirement age (monthly figure)

$2,639$2,687
Formula for Monthly Primary Insurance Amount (PIA) (90% of first X of AIME + 32% of the AIME over X and through Y + 15% of AIME over Y)X=$856 Y=$5,157X=$885 Y=$5,336