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Social Security*

Social Security
Maximum earnings (during work years)
subject to FICA tax
$118,500
Employee payroll tax rates
Employee OASDI is 6.2% for 2016.
Base Income (in Retirement) Causing Social Security Benefits to be Taxable
Married, Filing Jointly
    50% taxable $32,000 MAGI
    85% taxable $44,000 MAGI
Single
    50% taxable $25,000 MAGI
    85% taxable $34,000 MAGI

* Source: www.IRS.gov. Information provided in this Tax Information Guide is general in nature and is not meant to offer tax advice. You should consult your own tax advisor for more complete information.

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Last Updated: 12/14/2017