2014 SOCIAL SECURITY BENEFITS $2,642 Per Month Maximum Monthly Benefit (at full retirement age) (Age 66) Retirement Earnings Test Exempt Amount (under FRA): One $15,480 Per Year dollar in benefits will be withheld for every two dollars in earnings ($1,290 Per Month) above the limit prior to reaching FRA. Retirement Earnings Test Exempt Amount for months prior to One dollar in benefits will be withheld for every three dollars FRA: $41,400 Per Year in earnings above the limit, but only for earnings before the month ($3,450 Per Month) the taxpayer reaches FRA. There is no annual earnings limit for those who continue to work after reaching their FRA. Substantial Gainful Activity Threshold Limits $1,070 Per Month Non-Blind $1,800 Per Month Blind SSI Federal Payment Amounts $721 Per Month Individuals $1,082 Per Month Couples SSI Resources Limits $2,000 Individual $3,000 Couple SSI Student Exclusion $1,750 Monthly $7,060 Annually Trial Work Period (TWP) $770 Per Month Full Retirement Age (FRA): For retirees born in between 1943 and 1954, FRA is 66. For those born after 1954 but before 1960, FRA gradually increases to age 67. For those born in 1960 and later, FRA is 67. Substantial Gainful Activity: To be eligible for disability benefits, a person must be unable to engage in substantial gainful activity, meaning he may not earn more than a certain monthly amount. 2014 INCOME TAX RATE SCHEDULES CORPORATE INCOME TAX RATES
2014 SOCIAL SECURITY BENEFITS Maximum Monthly Benefit (at full retirement age) $2,642 Per Month (Age 66) Retirement Earnings Test Exempt Amount (under FRA): One dollar in benefits will be withheld for every two dollars in earnings above the limit prior to reaching FRA. $15,480 Per Year ($1,290 Per Month) Retirement Earnings Test Exempt Amount for months prior to FRA: One dollar in benefits will be withheld for every three dollars in earnings above the limit, but only for earnings before the month the taxpayer reaches FRA. There is no annual earnings limit for those who continue to work after reaching their FRA. $41,400 Per Year ($3,450 Per Month) Substantial Gainful Activity Threshold Limits Non-Blind $1,070 Per Month Blind $1,800 Per Month SSI Federal Payment Amounts Individuals $721 Per Month Couples $1,082 Per Month SSI Resources Limits Individual $2,000 Couple $3,000 SSI Student Exclusion Monthly $1,750 Annually $7,060 Trial Work Period (TWP) $770 Per Month Full Retirement Age (FRA): For retirees born in between 1943 and 1954, FRA is 66. For those born after 1954 but before 1960, FRA gradually increases to age 67. For those born in 1960 and later, FRA is 67. Substantial Gainful Activity: To be eligible for disability benefits, a person must be unable to engage in substantial gainful activity, meaning he may not earn more than a certain monthly amount. 2014 INCOME TAX RATE SCHEDULES CORPORATE INCOME TAX RATES