Base Provisional Income Amounts for Benefit Taxation
|
Taxable up to 50% |
Taxable up to 85% |
MFJ |
$32,000 |
$44,000 |
Single, HOH, MFS (lived apart) |
$25,000 |
$34,000 |
MFS (shared residence) |
N/A |
$0 |
Maximum Earnings Before Benefits are Reduced
Value |
2021 |
2022 |
Under FRA (Full Retirement Age) (lose $1 for every $2 over limit) |
$18,960 |
$19,560 |
Year FRA Reached - months to FRA only (lose $1 for every $3 over limit) |
$50,520 |
$51,960 |
Month FRA Reached and Later |
No Limit |
No Limit |
Maximum Compensation Subject to FICA
|
2021 |
2022 |
Social Security Tax |
$142,800 |
$147,000 |
Medicare Tax |
No Limit |
No Limit |