Copyright © 2013 The Money Alert.com. All rights reserved.
All information herein has been prepared solely for informational purposes, and it is not an offer to buy or sell, or a solicitation of an offer to buy or sell any security or instrument or to
participate in any particular trading strategy. The Money Alert does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any
information prepared by any unaffiliated third party, whether linked to this web site or incorporated herein, and takes no responsibility. All such information is provided solely for
convenience purposes only. The Money Alert is not affiliated with any of the firms or entities listed unless specifically stated. The Money Alert does not provide investment, tax or legal
advice. Please consult the appropriate professional regarding your personal situation.
Maximum earnings before Social Security benefits are reduced
  2007
2008
2009
2010
2011
Before full retirement age
(lose $1 for every $2 of
earnings) over
$12,960
$13,560
$14,160
$14,160
$14,160
Year of full retirement age
$34,440
$36,120
$37,680
$37,680
$37,680
After full retirement
No limit
No limit
No limit
No limit
No limit
Maximum compensation subject to FICA taxes
  2007
2008
2009
2010
2011
2012
2013
OASDI
(Social
Security)
maximum
$97,500
$102,000
$106,800
$106,800
$106,800
$110,100
$113,700
HI
(Medicare)
maximum
No Limit
No Limit
No Limit
No Limit
No Limit
No Limit
No Limit
OASDI Tax Rate
  2007
2008
2009
2010
2011
2012
2013
Employee
7.65%
7.65%
7.65%
7.65%
7.65%
7.65%
7.65%
Self-Employed
15.30%
15.30%
15.30%
15.30%
15.30%
15.30%
15.30%
NOTE: The 7.65% tax rate is the combined rate for Social Security, inclusive of 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.
Social Security Full Retirement Age
Year of birth
Age full benefits
1937 or earlier
65
1938
65 & 2 months
1939
65 & 4 months
1940
65 & 6 months
1941
65 & 8 months
1942
65 & 10 months
1943-1954
66
1955
66 & 2 months
1956
66 & 4 months
1957
66 & 6 months
1958
66 & 8 months
1959
66 & 10 months
1960 & later
67
*If you were born on January 1st of any year you should refer to the previous year.
Base amount of modified AGI causing Social Security benefits to be taxable
  50% taxable
85% taxable
Married Filing Jointly
$32,000 - $44,000
$44,001 +
Single
$25,000 - $34,000
$34,001 +
Social Security Benefits Table
Base amount of modified AGI causing Social Security benefits to be taxable
Maximum earnings before Social Security benefits are reduced
Maximum compensation subject to FICA taxes
OASDI Tax Rate
Social Security Full Retirement Age
Source: http://www.ssa.gov