Social Security and the Internal Revenue Service (IRS) have released cost-of-living numbers for 2015. They are as follows:<\/p>\n

Social Security<\/em><\/strong><\/p>\n

\n
For 2015 there is a 1.7% COLA increase for Social Security benefits.[1]<\/a><\/li>\n
The Maximum Social Security benefit for a single individual retiring at full retirement age [2]<\/a>^{\u00a0 \u00a0<\/sup>$2,663<\/li>\n<\/ul>\n}
\n
Supplemental Security Income (SSI) \u2013 Single [3]<\/a> $733<\/li>\n
Supplemental Security Income (SSI) \u2013 Couple [4]<\/a>$ 1,100<\/li>\n
Supplemental Security Income (SSI) \u2013 Essential Person [5]<\/a> $367<\/li>\n
Maximum Annual SSI benefit – Single [6]<\/a> $8,796<\/li>\n
Maximum Annual SSI benefit – Couple [7]<\/a> $13,200<\/li>\n
Substantial Gainful Activity (SGA) \u2013 Disabled [8]<\/a> $1,090<\/li>\n
SGA \u2013 Blind [9]<\/a> $1,820<\/li>\n
Tax Rate Employer and Employee calculated separately [10]<\/a> 65%<\/li>\n<\/ul>\n
(includes OASDI and Medicare)<\/p>\n
Add an additional .09% for individuals earning more than $200,000 or married couples earning more than $250,000<\/p>\n
\n
Tax Rate Self Employed [11]<\/a> 30%<\/li>\n
Trial Work Period [12]<\/a> $780<\/li>\n
Maximum Social Security Wage Base [13]<\/a> $118,500<\/li>\n
Quarter of Coverage [14]<\/a> $1,220<\/li>\n<\/ul>\n
IRS<\/em><\/strong><\/p>\n
\n
Annual Gift Tax Exclusion ^{<\/sup>^{[15]<\/sup><\/a> $14,000<\/li>\n}}
Gifts to Non-Citizen Spouse ^{<\/sup>^{[16]<\/sup><\/a> $147,000<\/li>\n}}
Income Level\/Maximum Tax Estates and Trust ^{<\/sup>^{[17]<\/sup><\/a> $12,300<\/li>\n}}
Income Level\/Maximum Single Individual Income Tax ^{<\/sup>^{[18]<\/sup><\/a> $413,200<\/li>\n}}
Federal Estate Tax Exemption ^{<\/sup>^{[19]<\/sup><\/a> $5,430,000<\/li>\n}}
Personal Exemption ^{<\/sup>^{[20]<\/sup><\/a> $4,000<\/li>\n}}
FICA (more…)<\/span><\/a><\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
Social Security and the Internal Revenue Service (IRS) have released cost-of-living numbers for 2015. They are as follows: Social Security For 2015 there is a 1.7% COLA increase for Social Security benefits.[1] The Maximum Social Security benefit for a single…<\/span><\/p>\n
Read more ›<\/a><\/div>\n
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