2021 Social Security and Medicare Information

(Inflation Adjusted Amounts)


2021 Social Security Taxable Earnings and Rates
If you are: The Maximum Taxable Earnings is:
Employee First $142,800 of Wages
Self-Employed First $142,800 of Net Profit from Trade or Business
2021 Medicare Taxable Earnings and Rates*
If you are: The Maximum Taxable Earnings is:
Employee UNLIMITED
Self-Employed UNLIMITED

*You are liable for Additional Medicare Tax of 0.9% if your wages, compensation, or self-employment income (together with that of your spouse if filing a joint return) exceed the threshold amount for your filing status shown in the table below:

Filing Status Threshold Amount
Married Filing Jointly $250,000
Married Filing Separately $125,000
Single $200,000
Head of Household $200,000
Qualifying Widow(er) with Dependent Child $200,000

2021 Medicare Part B Monthly Premiums
Based on your modified adjusted gross income (MAGI) for tax year 2019 (this is the year that is used to determine the year 2021 monthly premium)
Monthly Premium Filing Status on Federal Income Tax Return Filed and Modified Adjusted Gross Income
$148.50
Married Filing Joint - $176,000 or less
Married Filing Separately** - $88,000 or less
All Other Filing Status - $88,000 or less
$207.90
Married Filing Joint - Above $176,000 and up to $222,000
Married Filing Separately** - This premium does NOT apply
All Other Filing Status - Above $88,000 up to $111,000
$297.00
Married Filing Joint - Above $222,000 and up to $276,000
Married Filing Separately** - This premium does NOT apply
All Other Filing Status - Above $111,000 up to $138,000
$386.10
Married Filing Joint - Above $276,000 and up to $330,000
Married Filing Separately** - This premium does NOT apply
All Other Filing Status - Above $138,000 up to $165,000
$475.20
Married Filing Joint - Above $330,000 and up to $750,000
Married Filing Separately** - Above $88,000 up to $412,000
All Other Filing Status - Above $165,000 up to $500,000
$504.90
Married Filing Joint - Above $750,000
Married Filing Separately** - Above $412,000
All Other Filing Status - Above $500,000

**Applies if you are married and lived with your spouse at any time during the year and file a separate tax return from your spouse.

2021 Earnings for One Quarter of Coverage
$1,470
2021 Earnings Limit to Receive FULL Social Security Benefits
If you are: The Maximum Earnings Before Reduction in Social Security Benefits:
Under Full Retirement Age $18,960
Year of Full Retirement Ages $50,520
Full Retirement Age No Limit
2021 Cost-of-Living Adjustment (COLA) for Social Security Benefits
1.3%
2021 Maximum Social Security Monthly Benefit at Full Retirement Age
$3,148








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