Social Security Amounts for 2019

The Social Security Administration has announced the new amounts for 2019.  The gross Social Security benefits are increasing 2.8% for 2019.  Some of the other limits change by different percentages.  Here is the information for 2019 (followed by 2018 amounts):

The amount of earnings subject to Social Security taxes increases to $132,900 (up from $128,400 for 2018).

The amount of earnings required to be subjected to Social Security taxes in order to receive a quarter of coverage increases to $1,360 (up from $1,320).

Earnings limitations for taxpayers who have not reached full retirement age (before having to repay Social Security benefits) increases to $17,640 ($1,470/month) [up from $17,040 ($1,420/month)].

Earnings limitations for taxpayers who reach full retirement age in the current year (before having to repay Social Security benefits) increases to $46,920 ($3,910/month) [up from $45,360 ($3,780/month)]. (“Full retirement age” is age 66 for those born in 1943-1954.)

The amount of the SSI Federal Payment Standard increases to $771/month (up from $750/month).  For a married couple this increases to $1,157 (up from $1,125/month).  The SSI Student Exclusion Limits increases to $1,870/month with an annual limit of $7,550 (up from $1,820/month with the annual limit of $7,350).

The Substantial Gainful Activity earnings increase to $1,220/month for non-blind disabled recipients (up from $1,180) while the blind disabled recipient amount increases to $2,040 (up from $1,970/month).  The Trial Work Period earnings increase to $880/month (up from $850/month).

The full Fact Sheet can be found on Social Security’s web site www.socialsecurity.gov by entering FACT SHEET in the Search box.



This text has been shared with you courtesy of: David & Mary Mellem, EAs & Ashwaubenon Tax Professionals, 920-496-1065 (fax 920-496-9111).