2019 Cost of Living Adjustment (COLA) Announced

November 13, 2018

In a press release issued on October 11, SSA announced a 2.8% cost-of-living adjustment (COLA) for 2019.  According to a fact sheet about the changes, the COLA means that the average Title II disability benefit will be increased by $34 per month, from $1,200 to $1,234.  For SSI recipients, the federal SSI maximum of $750 per month for individuals and $1,125 per month for couples will increase to $771 per month and $1,157 per month, respectively.  

 

Another important change occurring in January 2019 is the increased substantial gainful activity (SGA) threshold: from $1,180 per month for the non-blind to $1,220 per month and from $1,970 per month for the blind to $2,040 per month.  The Trial Work Period (TWP) threshold will increase from $850 per month to $880 per month.

 

The increase in average wages will cause the maximum amount of earnings subject to the Social Security tax to increase from $128,700 to $132,900.  The most an employee could pay in Social Security taxes in 2019 is $8,239.80.  

 

Share on Facebook
Share on Twitter
Please reload

Featured Posts

I'm busy working on my blog posts. Watch this space!

Please reload

Recent Posts
Please reload

Archive
Please reload

Search By Tags

I'm busy working on my blog posts. Watch this space!

Please reload

Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Social Icon
  • Black Facebook Icon
  • Black Twitter Icon
  • Black LinkedIn Icon

© 2016 by LDP Law, LLC.  All Rights Reserved.

Privacy Policy          Disclaimer