These are Social Security’s tables showing all of the major adjustments for 2009, from the Social Security Administration.
| Tax Rate | 2008! | 2009 |
| 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.! | ||
| Maximum Taxable Earnings: | 2008 | 2009 |
| Social Security (OASDI only) | $102,000 | $106,800 |
| Medicare (HI only) | No Limit | |
| Quarter of Coverage: | 2008 | 2009 |
| Earnings needed to earn one Social Security credit | $1,050 | $1,090 |
Retirement Earnings Test Exempt Amounts:
2008
2009
Under full retirement age
NOTE: One dollar in benefits will be withheld for every $2 in earnings above the limit.
$13,560/yr.
($1,130/mo.)
$14,160/yr.
! ($1,180/mo.)
The year an individual reaches full retirement age
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.
$36,120/yr.
($3,010/mo.)
$37,680/yr.
($3,140/mo.)
There is no limit on earnings beginning the month an individual attains full retirement age. !
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| Social Security Disability Thresholds: | 2008 | 2009 | |
| Substantial Gainful Activity (SGA) | |||
| No! n-Blind | $ 940/mo. | $ 980/mo. | |
| Blind | $1,570/mo. | $1,640/mo. | |
| Trial Work Period (TWP) | $ 670/mo. | $ 700/mo. | |
!
| Maximum Social Security Benefit: Worker Retiring at Full Retirement Age |
2008 | 2009 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| $2,185/mo. | $2,323/mo.
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