Cost-of-Living Adjustment (COLA):
| Monthly Social Security and Supplemental Security Income (SSI) benefits will not automatically increase in 2010 as there was no increase in the Consumer Price Index (CPI-W) from the third quarter of 2008 through the third quarter of 2009. Other important 2010 Social Security information is as follows: |
|
| Maximum Taxable Earnings: |
2009 |
2010 |
| |
$106,800 |
$106,800* |
| Medicare (HI only) |
No Limit |
| Quarter of Coverage: |
2009 |
2010 |
Earnings needed to earn one Social Security credit |
$1,090 |
$1,120 |
| Retirement Earnings Test Exempt Amounts: |
2009 |
2010 |
Under full retirement age
NOTE: One dollar in benefits will be withheld for every $2 in earnings above the limit. |
$14,160/yr.
($1,180/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. |
$37,680/yr.
($3,140/mo.) |
$37,680/yr.*
($3,140/mo.) |
| There is no limit on earnings beginning the month an individual attains full retirement age. |
| Social Security Disability Thresholds: |
2009 |
2010 |
|
Non-Blind |
$ 980/mo. |
$1,000/mo. |
| Blind |
$1,640/mo. |
$1,640/mo.* |
| |
$ 700/mo. |
$ 720/mo. |
*Because there is no COLA, by statute these amounts remain unchanged in 2010. |
www.socialsecurity.gov
