2017 SOCIAL SECURITY CHANGES

2017 SOCIAL SECURITY CHANGES, updated 12/22/16, 11:41 PM

personedocr
collectionsPolicy Reports
visibility191

Policy Reports from around the internet provided by edocr. 

Publishing documents on edocr is a proven way to start demand generation for your products and services. Thousands of professionals and businesses publish marketing (brochures, data sheets, press releases, white papers and case studies), sales (slides, price lists and pro-forma agreements), operations (specifications, operating manuals, installation guides), customer service (user manuals) and financial (annual reports and financial statements) documents making it easier for prospects and customers to find content, helping them to make informed decisions. #SEO#leadgen #content #analytics

About edocr

I am an accomplished content marketing professional helping you to build your brand and business. In my current role, I fulfill a multi-faceted solution marketplace including: publishing and sharing your content, embedding a document viewer on your website, improving your content’s search engine optimization, generating leads with gated content and earning money by selling your documents. I gobble up documents, storing them for safekeeping and releasing the text for excellent search engine optimization, lead generation and earned income. 

Publishing documents on edocr.com is a proven way to start demand generation for your products and services. Thousands of professionals and businesses publish marketing, sales, operations, customer service and financial documents making it easier for prospects and customers to find content, helping them to make informed decisions.

Get publishing now!

Tag Cloud










Fact Sheet
SOCIAL SECURITY
SSA Press Office 440 Altmeyer 6401 Security Blvd. Baltimore, MD 21235 410-965-8904

2017 SOCIAL SECURITY CHANGES

o
Cost-of-Living Adjustment (COLA):
Based on the increase in the Consumer Price Index (CPI-W) from the third quarter of
2014 through the third quarter of 2016, Social Security and Supplemental Security
Income (SSI) beneficiaries will receive a 0.3 percent COLA for 2017. Other important
2017 Social Security information is as follows:
2016
2017
o
Tax Rate:
Employee
7.65%
7.65%
Self-Employed
15.30%
15.30%

NOTE: The 7.65% tax rate is the combined rate for Social Security and Medicare. The
Social Security portion (OASDI) is 6.20% on earnings up to the applicable taxable maximum
amount (see below). The Medicare portion (HI) is 1.45% on all earnings. Also, as of January
2013, individuals with earned income of more than $200,000 ($250,000 for married couples
filing jointly) pay an additional 0.9 percent in Medicare taxes. The tax rates shown above do
not include the 0.9 percent.
o Maximum Taxable Earnings:

Social Security (OASDI only)
$118,500

$127,200
Medicare (HI only)

N o L i m i t

o
Quarter of Coverage:
$1,260
$1,300

o
Retirement Earnings Test Exempt Amounts:
Under full retirement age


$15,720/yr.

$16,920/yr.



($1,310/mo.)
($1,410/mo.)
NOTE: One dollar in benefits will be withheld for every $2 in earnings above the limit.

The year an individual reaches full

$41,880/yr.

$44,880/yr.
retirement age



($3,490/mo.)
($3,740/mo.)
NOTE: Applies only to earnings for months prior to attaining full retirement age.
One dollar in benefits will be withheld for every $3 in earnings above the limit.

There is no limit on earnings beginning the month an individual attains full retirement
age.
o
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.

o Maximum Social Security Benefit: Worker Retiring at Full Retirement Age:






$2,639/mo. $2,687/mo.






o
SSI Federal Payment Standard:
Individual
$ 733/mo.

$ 735/mo.
Couple
$1,100/mo.

$1,103/mo.

o
SSI Resources Limits:

Individual
$2,000

$2,000
Couple
$3,000

$3,000

o
SSI Student Exclusion:

Monthly limit

$1,780
$1,790

Annual limit

$7,180
$7,200

o
Estimated Average Monthly Social Security Benefits Payable in January 2017:

Before
After
0.3% COLA
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
$1,990
$1,996
One or More Children
All Disabled Workers
$1,167
$1,171