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OASDI and SSI Program Rates & Limits, 2015
(released October 2014)
This publication was discontinued after the 2020 edition. SSA's Press Office still publishes current rates and limits. For historical program rates and limits, see the Program Provisions section of our Annual Statistical Supplement.
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Old-Age, Survivors, and Disability Insurance (OASDI) | 2015 |
---|---|
Tax Rates (percent) | |
Social Security (Old-Age, Survivors, and Disability Insurance) | |
Employers and Employees, each a | 6.20 |
Medicare (Hospital Insurance) | |
Employers and Employees, each a,b | 1.45 |
Maximum Taxable Earnings (dollars) | |
Social Security | 118,500 |
Medicare (Hospital Insurance) | No limit |
Earnings Required for Work Credits (dollars) | |
One Work Credit (One Quarter of Coverage) | 1,220 |
Maximum of Four Credits a Year | 4,880 |
Earnings Test Annual Exempt Amount (dollars) | |
Under Full Retirement Age for Entire Year | 15,720 |
For Months Before Reaching Full Retirement Age in Given Year | 41,880 |
Beginning with Month Reaching Full Retirement Age | No limit |
Maximum Monthly Social Security Benefit for Workers Retiring at Full Retirement Age (dollars) | 2,663 |
Full Retirement Age | 66 |
Cost-of-Living Adjustment (percent) | 1.7 |
a. Self-employed persons pay a total of 15.3 percent—12.4 percent for OASDI and 2.9 percent for Medicare. | |
b. This rate does not reflect the additional 0.9 percent in Medicare taxes certain high-income taxpayers are required to pay. See IRS information on this topic. |
Supplemental Security Income (SSI) | 2015 |
---|---|
Monthly Federal Payment Standard (dollars) | |
Individual | 733 |
Couple | 1,100 |
Cost-of-Living Adjustment (percent) | 1.7 |
Resource Limits (dollars) | |
Individual | 2,000 |
Couple | 3,000 |
Monthly Income Exclusions (dollars) | |
Earned Income a | 65 |
Unearned Income | 20 |
Substantial Gainful Activity (SGA) Level for the Nonblind Disabled (dollars) | 1,090 |
a. The earned income exclusion consists of the first $65 of monthly earnings, plus one-half of remaining earnings. |