2016

2017

Tax Rate:

Employee

7.65%

7.65%

Self-Employed

15.30%

15.30%

Maximum Taxable Earnings:

Social Security (OASDI only)

$118,500

$127,200

Medicare (HI only)

No Limit

No Limit

Quarter of Coverage:

$1,260

$1,300

Retirement Earnings Test Exempt Amounts:

Under full retirement age

$15,720/yr.

 $ 1,310/mo.

$16,920/yr.

 $ 1,410/mo.

The year an individual reaches full retirement age

$41,880/yr.

 $ 3,490/mo.

$44,880/yr.

 $ 3,740/mo.

Social Security Disability Thresholds:

Substantial Gainful Activity (SGA)

Non-Blind

$1,130/mo.

$1,170/mo.

Blind

$1,820/mo.

$1,950/mo.

Trial Work Period (TWP)

$810/mo.

$840/mo.

Maximum Social Security Benefit:

Worker Retiring at Full Retirement Age

$2,639/mo.

$2,687/mo.

SSI Federal Payment Standard:

Individual

$733/mo.

$735/mo.

Couple

$1,100/mo.

$1,103/mo.

SSI Resources Limits:

Individual

$2,000

$2,000

Couple

$3,000

$3,000

SSI Student Exclusion:

Monthly Limit

$1,780

$1,790

Annual Limit

$7,180

$7,200

Estimated Average Monthly Social Security Benefits Payable in January 2017:

Before 0.3%

COLA

After 0.3%

COLA

All Retired Workers

$1,355

$1,360

Aged Couple, Both Receiving Benefits

$2,254

$2,260

Widowed Mother and Two Children

$2,686

$2,695

Aged Widow(er) Alone

$1,296

$1,300

Disabled Worker, Spouse and One or More Children

$1,990

$1,996

All Disabled Workers

$1,167

$1,171