Social Security Benefits Table 2023

Updated 2023

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Social Security Benefits Tables

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

Base amount of modified AGI causing Social Security benefits to be taxable
50% taxable85% taxable
Married Filing Jointly$32,000 - $44,000$44,001 +
Single$25,000 - $34,000$34,001 +

Annual Exempt Amounts - Maximum earnings before Social Security benefits are reduced
200720082009 - 20112012201320142015 - 20162017201820192020202120222023
Before full retirement age (lose $1 for every $2 of earnings) over$12,960$13,560$14,160$14,640$15,120$15,480$15,720$16,920$17,040$17,640$18,240$18,960$19,560$21,240
Year of full retirement age$34,440$36,120$37,680$38,880$40,080$41,400$41,880$44,880$45,360$46,920$48,600$50,520$51,960$56,520
After full retirementNo limitNo limitNo limitNo limitNo limitNo limitNo limitNo limitNo limitNo limitNo limitno limitno limitNo limit

OASDI Tax Rate
Year2008 - 2023
Employee7.65%
Self-employed15.30%
Note: The 7.65% tax rate is the combined rate for Social Security, inclusive of Medicare. The Social Security (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 birthAge full benefits
1937 or earlier65
193865 & 2 months
193965 & 4 months
194065 & 6 months
194165 & 8 months
194265 & 10 months
1943-195466
195566 & 2 months
195666 & 4 months
195766 & 6 months
195866 & 8 months
195966 & 10 months
1960 & later67

Source: http://www.ssa.gov

Related: Social Security Income