OASDI and SSI Program Rates & Limits, 2013

(released November 2012)

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Social Security (OASDI) Program Rates & Limits 2013
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 113,700
Medicare (Hospital Insurance) No limit
Earnings Required for Work Credits (dollars)  
One Work Credit (One Quarter of Coverage) 1,160
Maximum of Four Credits a Year 4,640
Earnings Test Annual Exempt Amount (dollars)  
Under Full Retirement Age for Entire Year 15,120
For Months Before Reaching Full Retirement Age in Given Year 40,080
Beginning with Month Reaching Full Retirement Age No limit
Maximum Monthly Social Security Benefit for Workers Retiring at Full Retirement Age (dollars) 2,533
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. Certain high-income taxpayers will be required to pay an additional Medicare tax beginning in 2013. For details, see the IRS information on this topic.
Supplemental Security Income (SSI) Program Rates & Limits 2013
Monthly Federal Payment Standard (dollars)  
Individual 710
Couple 1,066
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) 1,040
a. The earned income exclusion consists of the first $65 of monthly earnings, plus one-half of remaining earnings.