2021 TIER I EARNINGS BASE AND TAX RATES
Annual Maximum - $142,800.00
Employee and Employer Tax Rate - 6.2%
Maximum Payable by an Employee & Employer - $8,853.60
2021 TIER II EARNINGS BASE AND TAX RATES
Annual Maximum - $106,200.00
Employee Tax Rate - 4.9%
Maximum Payable by an Employee - $5,203.80
Employer Tax Rate - 13.1%
Maximum Payable by an Employer - $13,912.20
2021 MEDICARE HOSPITAL INSURANCE
EARNINGS BASE AND TAX RATES
Annual Maximum - No Limit
Employee and Employer Tax Rate - 1.45%
TOTAL TIER I, TIER II & MEDICARE
HOSPITAL INSURANCE MAXIMUM TAX
Based on earnings of $142,800.00
Maximum Payable by an Employee - $16,128.00
Maximum Payable by an Employer - $24,836.40
(Additional Taxes are 0.9% of Earnings Above
$200,000.00 - Filing Individually)
SSA QUARTER OF COVERAGE EARNINGS NEEDED
In 2021 - $1,470.00 (Earn up to 4 Quarters per Year)
2021 EMPLOYER RUIA TAX RATE
3.15 TO 12.0% on First $1,710.00 per month
EMPLOYEE RUIA 2020 QUALIFYING EARNINGS
For Benefit Year 2021 (Beginning July 1, 2021) - $4,137.50
RUIA DAILY BENEFIT RATE
For Benefit Year 2021 (Beginning July 1, 2021) - $82.00
BASIC MEDICARE PREMIUM
Part B beginning in 2021 - $148.50
COST-OF-LIVING - DECEMBER 2020
Tier I - 1.3%; Tier II - 0.4%
WORK DEDUCTIONS EXEMPT AMOUNTS*
Retirement and Survivor Work Deduction Limitations
Annuitants Attaining Full Retirement Age (FRA)
(For Months Prior to FRA in the Calendar Year)
Monthly - $4,210.00; Annually - $50,520.00
($1.00 Deduction for Each $3.00 of Excess Earnings)
Under FRA
(If Under FRA for the Entire Calendar Year)
Monthly - $1,580.00; Annually - $18,960.00
($1.00 Deduction for Each $2.00 of Excess Earnings)
Disability Earnings Limitations Amounts
Monthly - $1,020.00; Annually - $12,750.00
*All Earnings Must be Reported by Calling 1-877-772-5772.
Failure to Report Earnings Could Lead to Penalties.