Unfortunately, there will be no cost-of-living adjustment (COLA) for Social Security and SSI beneficiaries in 2016. Rates of inflation are determined by comparing the change in the Consumer Price Index (CPI-W) from the third quarter of 2014 to the third quarter of 2015. Since there was no increase, no COLA will be given for 2016.

Please find below the following information:

COLA

  • 0% (2016)
  • 1.7% (2015)

Maximum Taxable Earnings

$118,500 (2015 and 2016)

Earnings Required for 1 Quarter of Coverage

  • $1,260 (2016)
  • $1,220 (2015)

Retirement earnings test exempt amounts- Year full retirement age reached (for months before age is reached).

  • $41,880/yr (or $3,490/mo. for 2016)
  • $41,880/yr (or $3,459/mo. for 2015)

Under Full Retirement Age

  • $15,720/yr (or $1,310/mo for 2016)
  • $15,720/yr (or $1,310/mo for 2015)

Substantial gainful activity thresholds

  • Non-Blind – $1,130/mo (2016) $1,090/mo (2015)
  • Blind – $1,820/mo (2016) $1,820/mo (2015)

Trial Work Period (TWP)

  • 810/mo (2016)
  • $780/mo (2015)

SSI

  • Individual $733/mo (2016) $733/mo (2015)
  • Couple $1,100/mo (2016) $1,100/mo (2015)

SSI Student Exclusion Limits

$7180/yr or $1,780/mo (2016) Same for 2015.

User Fee

$91.00 (2016 and 2015)