SOCIAL SECURITY
Cost-of Living Adjustment (COLA)
2017 – 0.3%
Maximum Wages Subject to Social Security Tax
2017 – $127,200 subject to 6.2% tax rate or $7,886 (7.3% increase)
2016 – $118,500 subject to 6.2% tax rate or $7,347 (no change from 2015)
2015 – $118,500 subject to 6.2% tax rate or $7,347
Retirement Earnings Exempt Amounts (under full retirement age)*
2017 – $16,920/yr. ($1,410/mo.)
2016 – $15,720/yr. ($1,310/mo.)
* One dollar in benefits will be withheld for every $2 in earnings above the limit.