Detailed Single Year Tables
Description of Proposed Provision:
B7.7: Reduce individual Social Security benefits if modified adjusted gross income, or MAGI (AGI less taxable Social Security benefits plus nontaxable interest income) is above $60,000 for single taxpayers or $120,000 for taxpayers filing jointly. This provision is effective for individuals newly eligible for benefits in 2031 or later. The percentage reduction increases linearly up to 50 percent for single/joint filers with MAGI of $180,000/$360,000 or above. Index the MAGI thresholds for years after 2031, based on changes in the SSA average wage index.
Financial Estimates for the OASDI Trust Fund Program
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
|
Expressed as a percentage of current-law taxable payroll |
Trust fund ratio as of January 1 |
Expressed as a percentage of current-law taxable payroll |
|||||||
|
Calendar year |
Cost rate |
Income rate |
Annual balance |
Cost rate |
Income rate |
Annual balance |
|||
| 2026 | 15.37 | 12.91 | -2.45 | 151 | 0.00 | 0.00 | 0.00 | ||
| 2027 | 15.62 | 12.85 | -2.77 | 131 | 0.00 | 0.00 | 0.00 | ||
| 2028 | 15.70 | 13.01 | -2.69 | 111 | 0.00 | 0.00 | 0.00 | ||
| 2029 | 15.74 | 13.06 | -2.68 | 92 | 0.00 | 0.00 | 0.00 | ||
| 2030 | 15.74 | 13.07 | -2.67 | 74 | 0.00 | 0.00 | 0.00 | ||
| 2031 | 15.71 | 13.08 | -2.63 | 57 | -0.01 | -0.00 | 0.01 | ||
| 2032 | 15.70 | 13.09 | -2.60 | 40 | -0.02 | -0.00 | 0.02 | ||
| 2033 | 15.68 | 13.13 | -2.55 | 24 | -0.04 | -0.00 | 0.04 | ||
| 2034 | 15.67 | 13.14 | -2.54 | 8 | -0.07 | -0.00 | 0.06 | ||
| 2035 | 15.68 | 13.16 | -2.52 | — | -0.09 | -0.00 | 0.09 | ||
| 2036 | 15.72 | 13.17 | -2.56 | — | -0.13 | -0.01 | 0.13 | ||
| 2037 | 15.76 | 13.17 | -2.59 | — | -0.19 | -0.01 | 0.18 | ||
| 2038 | 15.80 | 13.17 | -2.62 | — | -0.25 | -0.01 | 0.23 | ||
| 2039 | 15.81 | 13.18 | -2.64 | — | -0.32 | -0.02 | 0.30 | ||
| 2040 | 15.82 | 13.18 | -2.64 | — | -0.38 | -0.02 | 0.36 | ||
| 2041 | 15.83 | 13.18 | -2.65 | — | -0.44 | -0.02 | 0.42 | ||
| 2042 | 15.84 | 13.18 | -2.66 | — | -0.50 | -0.03 | 0.47 | ||
| 2043 | 15.86 | 13.18 | -2.68 | — | -0.55 | -0.03 | 0.52 | ||
| 2044 | 15.89 | 13.19 | -2.70 | — | -0.60 | -0.03 | 0.57 | ||
| 2045 | 15.92 | 13.19 | -2.73 | — | -0.65 | -0.03 | 0.62 | ||
| 2046 | 15.94 | 13.19 | -2.75 | — | -0.70 | -0.04 | 0.66 | ||
| 2047 | 15.97 | 13.19 | -2.77 | — | -0.74 | -0.04 | 0.70 | ||
| 2048 | 16.01 | 13.20 | -2.81 | — | -0.76 | -0.04 | 0.72 | ||
| 2049 | 16.06 | 13.20 | -2.86 | — | -0.79 | -0.04 | 0.74 | ||
| 2050 | 16.12 | 13.20 | -2.92 | — | -0.81 | -0.04 | 0.77 | ||
| 2051 | 16.19 | 13.21 | -2.98 | — | -0.83 | -0.04 | 0.79 | ||
| 2052 | 16.27 | 13.21 | -3.05 | — | -0.86 | -0.05 | 0.81 | ||
| 2053 | 16.35 | 13.22 | -3.13 | — | -0.88 | -0.05 | 0.84 | ||
| 2054 | 16.46 | 13.23 | -3.23 | — | -0.89 | -0.05 | 0.85 | ||
| 2055 | 16.57 | 13.23 | -3.34 | — | -0.90 | -0.05 | 0.86 | ||
| 2056 | 16.69 | 13.24 | -3.45 | — | -0.92 | -0.05 | 0.87 | ||
| 2057 | 16.82 | 13.25 | -3.57 | — | -0.93 | -0.05 | 0.88 | ||
| 2058 | 16.94 | 13.26 | -3.68 | — | -0.94 | -0.05 | 0.89 | ||
| 2059 | 17.06 | 13.26 | -3.80 | — | -0.95 | -0.05 | 0.90 | ||
| 2060 | 17.18 | 13.27 | -3.91 | — | -0.96 | -0.05 | 0.91 | ||
| 2061 | 17.30 | 13.28 | -4.02 | — | -0.97 | -0.05 | 0.92 | ||
| 2062 | 17.41 | 13.29 | -4.12 | — | -0.99 | -0.05 | 0.93 | ||
| 2063 | 17.52 | 13.29 | -4.22 | — | -1.00 | -0.05 | 0.94 | ||
| 2064 | 17.62 | 13.30 | -4.32 | — | -1.01 | -0.05 | 0.95 | ||
| 2065 | 17.72 | 13.31 | -4.42 | — | -1.02 | -0.05 | 0.96 | ||
| 2066 | 17.83 | 13.31 | -4.51 | — | -1.03 | -0.06 | 0.98 | ||
| 2067 | 17.93 | 13.32 | -4.61 | — | -1.04 | -0.06 | 0.99 | ||
| 2068 | 18.03 | 13.33 | -4.71 | — | -1.05 | -0.06 | 1.00 | ||
| 2069 | 18.14 | 13.33 | -4.81 | — | -1.06 | -0.06 | 1.00 | ||
| 2070 | 18.26 | 13.34 | -4.92 | — | -1.07 | -0.06 | 1.01 | ||
| 2071 | 18.37 | 13.35 | -5.02 | — | -1.07 | -0.06 | 1.02 | ||
| 2072 | 18.48 | 13.36 | -5.12 | — | -1.08 | -0.06 | 1.02 | ||
| 2073 | 18.59 | 13.36 | -5.23 | — | -1.09 | -0.06 | 1.03 | ||
| 2074 | 18.70 | 13.37 | -5.33 | — | -1.09 | -0.06 | 1.04 | ||
| 2075 | 18.80 | 13.38 | -5.42 | — | -1.10 | -0.06 | 1.04 | ||
| 2076 | 18.89 | 13.38 | -5.51 | — | -1.11 | -0.06 | 1.05 | ||
| 2077 | 18.97 | 13.39 | -5.59 | — | -1.11 | -0.06 | 1.05 | ||
| 2078 | 19.05 | 13.39 | -5.66 | — | -1.12 | -0.06 | 1.06 | ||
| 2079 | 19.11 | 13.40 | -5.71 | — | -1.12 | -0.06 | 1.06 | ||
| 2080 | 19.16 | 13.40 | -5.76 | — | -1.12 | -0.06 | 1.06 | ||
| 2081 | 19.21 | 13.40 | -5.81 | — | -1.13 | -0.06 | 1.07 | ||
| 2082 | 19.25 | 13.41 | -5.85 | — | -1.13 | -0.06 | 1.07 | ||
| 2083 | 19.28 | 13.41 | -5.88 | — | -1.13 | -0.06 | 1.07 | ||
| 2084 | 19.31 | 13.41 | -5.90 | — | -1.13 | -0.06 | 1.07 | ||
| 2085 | 19.32 | 13.41 | -5.90 | — | -1.13 | -0.06 | 1.07 | ||
| 2086 | 19.31 | 13.41 | -5.90 | — | -1.13 | -0.06 | 1.07 | ||
| 2087 | 19.30 | 13.41 | -5.89 | — | -1.13 | -0.06 | 1.07 | ||
| 2088 | 19.28 | 13.41 | -5.87 | — | -1.13 | -0.06 | 1.07 | ||
| 2089 | 19.25 | 13.41 | -5.85 | — | -1.13 | -0.06 | 1.07 | ||
| 2090 | 19.22 | 13.41 | -5.81 | — | -1.13 | -0.06 | 1.07 | ||
| 2091 | 19.18 | 13.41 | -5.78 | — | -1.13 | -0.06 | 1.06 | ||
| 2092 | 19.15 | 13.40 | -5.74 | — | -1.12 | -0.06 | 1.06 | ||
| 2093 | 19.11 | 13.40 | -5.70 | — | -1.12 | -0.06 | 1.06 | ||
| 2094 | 19.07 | 13.40 | -5.67 | — | -1.12 | -0.06 | 1.06 | ||
| 2095 | 19.03 | 13.40 | -5.64 | — | -1.12 | -0.06 | 1.06 | ||
| 2096 | 19.00 | 13.40 | -5.60 | — | -1.11 | -0.06 | 1.05 | ||
| 2097 | 18.97 | 13.39 | -5.58 | — | -1.11 | -0.06 | 1.05 | ||
| 2098 | 18.95 | 13.39 | -5.55 | — | -1.11 | -0.06 | 1.05 | ||
| 2099 | 18.93 | 13.39 | -5.54 | — | -1.11 | -0.06 | 1.05 | ||
| 2100 | 18.91 | 13.39 | -5.52 | — | -1.11 | -0.06 | 1.05 | ||
| 2101 | 18.91 | 13.39 | -5.52 | — | -1.11 | -0.06 | 1.05 | ||
Summarized Estimates
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
||
| 2026-2100 | 17.35% | 13.64% | -3.71% | 2034 | -0.75% | -0.04% | 0.71% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2034. |
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Based on Intermediate Assumptions of the 2026 Trustees Report.