2018 Tier I Earnings Base and Tax Rates
Annual Maximum - $128,400.00
Employee and Employer Tax Rate - 6.2%
Maximum Payable by an Employee and Employer - $7,960.80
2018 Tier II Earnings Base and Tax Rates
Annual Maximum - $95,400.00
Employee Tax Rate - 4.9%
Maximum Payable by an Employee - $4,674.60
Employer Tax Rate - 13.1%
Maximum Payable by an Employer - $12,497.40
2018 Medicare Hospital Insurance Earnings Base and Tax Rate
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 $128,400.00
Maximum Payable by an Employee - $14,497.20
Maximum Payable by an Employer - $22,320.00
(Additional Taxes are 0.9% of Earnings Above $200,000.00 - Filing Individually)
Amount Needed for Quarter of Social Security Coverage
For 2018 - $1,320.00 (Earn up to 4 Quarters per Year)
2018 Employer RUIA Tax Rate
2.15 - 12.0% on First $1,560.00 per month
Employee RUIA 2017 Qualifying Earnings
For Benefit Year 2018 (Beginning July 1, 2018) - $3,862.50
RUIA Daily Benefit Rate
For Benefit Year 2018 (Beginning July 1, 2018) - $77.00
Basic Medicare Premium
Part B Beginning in 2018 - $134.00
Cost-of-Living Increase - December 2018
Tier I - 2.0%
Tier II - 0.7%
WORK DEDUCTION EXEMPT AMOUNTS*
Retirement and Survivor Work Deductions Limitations
Annuitants Attaining Full Retirement Age (FRA)
(For Months Prior to FRA in Calendar Year)
Monthly - $3,780.00
Annually - $45,360.00
($1.00 Deduction For Each $3.00 of Excess Earnings)
Annuitants Under FRA
(If Under the FRA for the Entire Calendar Year)
Monthly - $1,420.00
Annually - $17,040.00
($1.00 Deduction For Each $2.00 of Excess Earnings)
Disability Earnings Limitations Amounts
Monthly - $920.00
Annually - $11,500.00
*All Earnings Must be Reported by Calling 1-877-772-5772.
Failure to Report Could Lead to Penalties.