2017 SOCIAL SECURITY CHANGES

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<p> 
 
 
 
 
 
 
 
 
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                                                              
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