Detailed Single Year Tables
Description of Proposed Provision:
H4: Increase the threshold for taxation of OASDI benefits to $50,000 for single filers and $100,000 for joint filers starting in 2026. Taxation of benefits revenues transferred to the Hospital Insurance (HI) Trust Fund would be the same as if the current-law computation applied.
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 |
|||
| 2024 | 14.71 | 13.03 | -1.68 | 188 | 0.00 | 0.00 | 0.00 | ||
| 2025 | 15.00 | 12.89 | -2.11 | 171 | 0.00 | 0.00 | 0.00 | ||
| 2026 | 15.20 | 12.81 | -2.39 | 152 | 0.00 | -0.26 | -0.26 | ||
| 2027 | 15.36 | 12.85 | -2.51 | 133 | 0.00 | -0.26 | -0.26 | ||
| 2028 | 15.42 | 12.88 | -2.54 | 114 | 0.00 | -0.25 | -0.25 | ||
| 2029 | 15.47 | 12.92 | -2.55 | 96 | 0.00 | -0.25 | -0.25 | ||
| 2030 | 15.53 | 12.94 | -2.59 | 78 | 0.00 | -0.24 | -0.24 | ||
| 2031 | 15.58 | 12.97 | -2.61 | 61 | 0.00 | -0.23 | -0.23 | ||
| 2032 | 15.60 | 12.99 | -2.61 | 44 | 0.00 | -0.23 | -0.23 | ||
| 2033 | 15.66 | 13.04 | -2.62 | 27 | 0.00 | -0.22 | -0.22 | ||
| 2034 | 15.77 | 13.06 | -2.71 | 11 | 0.00 | -0.21 | -0.22 | ||
| 2035 | 15.89 | 13.08 | -2.81 | — | 0.00 | -0.21 | -0.21 | ||
| 2036 | 15.99 | 13.09 | -2.89 | — | 0.00 | -0.20 | -0.20 | ||
| 2037 | 16.09 | 13.11 | -2.98 | — | 0.00 | -0.19 | -0.20 | ||
| 2038 | 16.18 | 13.12 | -3.05 | — | 0.00 | -0.19 | -0.19 | ||
| 2039 | 16.25 | 13.14 | -3.11 | — | 0.00 | -0.18 | -0.18 | ||
| 2040 | 16.32 | 13.15 | -3.17 | — | 0.00 | -0.17 | -0.17 | ||
| 2041 | 16.38 | 13.16 | -3.22 | — | 0.00 | -0.17 | -0.17 | ||
| 2042 | 16.44 | 13.18 | -3.26 | — | 0.00 | -0.16 | -0.16 | ||
| 2043 | 16.48 | 13.19 | -3.29 | — | 0.00 | -0.15 | -0.15 | ||
| 2044 | 16.52 | 13.20 | -3.32 | — | 0.00 | -0.15 | -0.15 | ||
| 2045 | 16.55 | 13.21 | -3.35 | — | 0.00 | -0.14 | -0.14 | ||
| 2046 | 16.59 | 13.22 | -3.37 | — | 0.00 | -0.13 | -0.13 | ||
| 2047 | 16.63 | 13.23 | -3.40 | — | 0.00 | -0.13 | -0.13 | ||
| 2048 | 16.66 | 13.24 | -3.43 | — | 0.00 | -0.12 | -0.12 | ||
| 2049 | 16.71 | 13.24 | -3.46 | — | 0.00 | -0.11 | -0.12 | ||
| 2050 | 16.76 | 13.25 | -3.50 | — | 0.00 | -0.11 | -0.11 | ||
| 2051 | 16.81 | 13.26 | -3.55 | — | 0.00 | -0.10 | -0.10 | ||
| 2052 | 16.87 | 13.27 | -3.60 | — | 0.00 | -0.10 | -0.10 | ||
| 2053 | 16.93 | 13.29 | -3.65 | — | 0.00 | -0.09 | -0.09 | ||
| 2054 | 17.00 | 13.30 | -3.71 | — | 0.00 | -0.09 | -0.09 | ||
| 2055 | 17.08 | 13.31 | -3.77 | — | 0.00 | -0.08 | -0.08 | ||
| 2056 | 17.16 | 13.32 | -3.84 | — | 0.00 | -0.08 | -0.08 | ||
| 2057 | 17.24 | 13.33 | -3.92 | — | 0.00 | -0.08 | -0.08 | ||
| 2058 | 17.33 | 13.34 | -3.99 | — | 0.00 | -0.07 | -0.07 | ||
| 2059 | 17.42 | 13.35 | -4.07 | — | 0.00 | -0.07 | -0.07 | ||
| 2060 | 17.50 | 13.36 | -4.14 | — | 0.00 | -0.06 | -0.06 | ||
| 2061 | 17.58 | 13.37 | -4.21 | — | 0.00 | -0.06 | -0.06 | ||
| 2062 | 17.66 | 13.38 | -4.28 | — | 0.00 | -0.06 | -0.06 | ||
| 2063 | 17.72 | 13.39 | -4.34 | — | 0.00 | -0.05 | -0.06 | ||
| 2064 | 17.79 | 13.40 | -4.39 | — | 0.00 | -0.05 | -0.05 | ||
| 2065 | 17.85 | 13.40 | -4.45 | — | 0.00 | -0.05 | -0.05 | ||
| 2066 | 17.92 | 13.41 | -4.51 | — | 0.00 | -0.05 | -0.05 | ||
| 2067 | 17.98 | 13.42 | -4.56 | — | 0.00 | -0.04 | -0.04 | ||
| 2068 | 18.05 | 13.43 | -4.62 | — | 0.00 | -0.04 | -0.04 | ||
| 2069 | 18.11 | 13.43 | -4.68 | — | 0.00 | -0.04 | -0.04 | ||
| 2070 | 18.18 | 13.44 | -4.74 | — | 0.00 | -0.04 | -0.04 | ||
| 2071 | 18.25 | 13.45 | -4.80 | — | 0.00 | -0.04 | -0.04 | ||
| 2072 | 18.31 | 13.46 | -4.86 | — | 0.00 | -0.03 | -0.03 | ||
| 2073 | 18.38 | 13.46 | -4.91 | — | 0.00 | -0.03 | -0.03 | ||
| 2074 | 18.43 | 13.47 | -4.96 | — | 0.00 | -0.03 | -0.03 | ||
| 2075 | 18.48 | 13.48 | -5.01 | — | 0.00 | -0.03 | -0.03 | ||
| 2076 | 18.53 | 13.48 | -5.05 | — | 0.00 | -0.03 | -0.03 | ||
| 2077 | 18.56 | 13.49 | -5.08 | — | 0.00 | -0.03 | -0.03 | ||
| 2078 | 18.58 | 13.49 | -5.09 | — | 0.00 | -0.02 | -0.02 | ||
| 2079 | 18.59 | 13.49 | -5.10 | — | 0.00 | -0.02 | -0.02 | ||
| 2080 | 18.60 | 13.49 | -5.10 | — | 0.00 | -0.02 | -0.02 | ||
| 2081 | 18.59 | 13.49 | -5.09 | — | 0.00 | -0.02 | -0.02 | ||
| 2082 | 18.57 | 13.50 | -5.08 | — | 0.00 | -0.02 | -0.02 | ||
| 2083 | 18.55 | 13.50 | -5.05 | — | 0.00 | -0.02 | -0.02 | ||
| 2084 | 18.51 | 13.49 | -5.02 | — | 0.00 | -0.02 | -0.02 | ||
| 2085 | 18.47 | 13.49 | -4.98 | — | 0.00 | -0.02 | -0.02 | ||
| 2086 | 18.42 | 13.49 | -4.93 | — | 0.00 | -0.02 | -0.02 | ||
| 2087 | 18.36 | 13.49 | -4.87 | — | 0.00 | -0.01 | -0.01 | ||
| 2088 | 18.30 | 13.49 | -4.82 | — | 0.00 | -0.01 | -0.01 | ||
| 2089 | 18.25 | 13.48 | -4.76 | — | 0.00 | -0.01 | -0.01 | ||
| 2090 | 18.19 | 13.48 | -4.71 | — | 0.00 | -0.01 | -0.01 | ||
| 2091 | 18.14 | 13.48 | -4.67 | — | 0.00 | -0.01 | -0.01 | ||
| 2092 | 18.10 | 13.48 | -4.63 | — | 0.00 | -0.01 | -0.01 | ||
| 2093 | 18.08 | 13.47 | -4.61 | — | 0.00 | -0.01 | -0.01 | ||
| 2094 | 18.07 | 13.47 | -4.59 | — | 0.00 | -0.01 | -0.01 | ||
| 2095 | 18.07 | 13.47 | -4.59 | — | 0.00 | -0.01 | -0.01 | ||
| 2096 | 18.08 | 13.48 | -4.60 | — | 0.00 | -0.01 | -0.01 | ||
| 2097 | 18.10 | 13.48 | -4.62 | — | 0.00 | -0.01 | -0.01 | ||
| 2098 | 18.12 | 13.48 | -4.64 | — | 0.00 | -0.01 | -0.01 | ||
| 2099 | 18.16 | 13.48 | -4.68 | — | 0.00 | -0.01 | -0.01 | ||
Summarized Estimates
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
||
| 2024-2098 | 17.30% | 13.70% | -3.60% | 2034 | 0.00% | -0.10% | -0.10% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2035. |
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Based on Intermediate Assumptions of the 2024 Trustees Report.