2022 TIER I EARNINGS BASE AND TAX RATES
Annual Maximum - $147,000.00
Employee and Employer Tax Rate - 6.2%
Maximum Payable by an Employee & Employer - $9,114.00
2022 TIER II EARNINGS BASE AND TAX RATES
Annual Maximum - $109,200.00
Employee Tax Rate - 4.9%
Maximum Payable by an Employee - $5,350.80
Employer Tax Rate - 13.1%
Maximum Payable by an Employer - $14,305.20
2022 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 $147,000.00
Maximum Payable by an Employee - $16,596.30
Maximum Payable by an Employer - $25,550.70
(Additional Taxes are 0.9% of Earnings Above
$200,000.00 - Filing Individually)
SSA QUARTER OF COVERAGE EARNINGS NEEDED
In 2022 - $1,510.00 (Earn up to 4 Quarters per Year)
2022 EMPLOYER RUIA TAX RATE
4.15% TO 12.5% on First $1,755.00 per month
EMPLOYEE RUIA 2021 QUALIFYING EARNINGS
For Benefit Year 2022 (Beginning July 1, 2022) - $4,275.00
RUIA DAILY BENEFIT RATE
For Benefit Year 2022 (Beginning July 1, 2022) - $85.00
BASIC MEDICARE PREMIUM
Part B beginning in 2022 - $170.10
COST-OF-LIVING - DECEMBER 2021
Tier I - 5.9%; Tier II - 1.9%
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 - $4,330.00; Annually - $51,960.00
($1.00 Deduction for Each $3.00 of Excess Earnings)
Under FRA
(If Under FRA for the Entire Calendar Year)
Monthly - $1,630.00; Annually - $19,560.00
($1.00 Deduction for Each $2.00 of Excess Earnings)
Disability Earnings Limitations Amounts
Monthly - $1,050.00; Annually - $13,125.00
*All Earnings Must be Reported by Calling 1-877-772-5772.
Failure to Report Earnings Could Lead to Penalties.