Monthly Social Security and Supplemental Security Income (SSI) benefits will not automatically increase in 2011 as there is no increase in the Consumer Price Index (CPI-W) from the third quarter of 2008, the last year a COLA was determined, to the third quarter of 2010. Other important 2011 Social Security information is as follows:
Maximum Taxable Earnings: |
2010
|
2011
|
---|---|---|
Social Security (OASDI only)
|
$106,800
|
$106,800*
|
Medicare (HI only)
|
No Limit
|
Quarter of Coverage: |
2010
|
2011
|
---|---|---|
Earnings needed to earn one Social Security credit
|
$1,120
|
$1,120**
|
Primary Insurance Amount Bend Points: |
2010
|
2011
|
---|---|---|
First dollar amount
|
$ 761
|
$ 749
|
Second dollar amount
|
$4,586
|
$4,517
|
Retirement Earnings Test Exempt Amounts: |
2010
|
2011
|
---|---|---|
Under full retirement age
NOTE: One dollar in benefits will be withheld for every $2 in earnings above the limit. |
$14,160/yr.
($1,180/mo.) |
$14,160/yr.*
($1,180/mo.) |
The year an individual reaches full retirement age NOTE: Applies only to earnings for months prior to attaining full retirement age. One dollar in benefits will be withheld for every $3 in earnings above the limit. |
$37,680/yr.
($3,140/mo.) |
$37,680/yr.*
($3,140/mo.) |
There is no limit on earnings beginning the month an individual attains full retirement age. |
Social Security Disability Thresholds: |
2010
|
2011
|
|
---|---|---|---|
Non-Blind |
$1,000/mo.
|
$1,000/mo.**
|
|
Blind |
$1,640/mo.
|
$1,640/mo.*
|
|
Trial Work Period (TWP)
|
$ 720/mo.
|
$ 720/mo.**
|
SSI Federal Payment Standard: |
2010
|
2011
|
---|---|---|
Individual
|
$ 674/mo.
|
$ 674/mo.*
|
Couple
|
$1,011/mo.
|
$1,011/mo.*
|
SSI Student Exclusion: |
2010
|
2011
|
---|---|---|
Monthly Limit
|
$1,640
|
$1,640*
|
Annual Limit
|
$6,600
|
$6,600*
|
* By law, these amounts will be unchanged in 2011 because there is no COLA.
** By law, these amounts will be unchanged in 2011 because there was a decrease in the national average wage index for 2009.
Source: https://directpaypayroll.com/blog/wp-admin/post-new.php