2022 Social Security and Medicare Information

(Inflation Adjusted Amounts)


2022 Social Security Taxable Earnings and Rates
If you are: The Maximum Taxable Earnings is:
Employee First $147,000 of Wages
Self-Employed First $147,000 of Net Profit from Trade or Business
2022 Medicare Taxable Earnings and Rates*
If you are: The Maximum Taxable Earnings is:
Employee UNLIMITED
Self-Employed UNLIMITED

*You are liable for Additional Medicare Tax of 0.9% if your wages, compensation, or self-employment income (together with that of your spouse if filing a joint return) exceed the threshold amount for your filing status shown in the table below:

Filing Status Threshold Amount
Married Filing Jointly $250,000
Married Filing Separately $125,000
Single $200,000
Head of Household $200,000
Qualifying Widow(er) with Dependent Child $200,000

2022 Medicare Part B Monthly Premiums
Based on your modified adjusted gross income (MAGI) for tax year 2020 (this is the year that is used to determine the year 2022 monthly premium)
Monthly Premium Filing Status on Federal Income Tax Return Filed and Modified Adjusted Gross Income
$170.10
Married Filing Joint - $182,000 or less
Married Filing Separately** - $91,000 or less
All Other Filing Status - $91,000 or less
$238.10
Married Filing Joint - Above $182,000 and up to $228,000
Married Filing Separately** - This premium does NOT apply
All Other Filing Status - Above $91,000 up to $114,000
$340.20
Married Filing Joint - Above $228,000 and up to $284,000
Married Filing Separately** - This premium does NOT apply
All Other Filing Status - Above $114,000 up to $142,000
$442.30
Married Filing Joint - Above $284,000 and up to $340,000
Married Filing Separately** - This premium does NOT apply
All Other Filing Status - Above $142,000 up to $170,000
$544.30
Married Filing Joint - Above $340,000 and up to $750,000
Married Filing Separately** - Above $91,000 up to $409,000
All Other Filing Status - Above $170,000 up to $500,000
$578.30
Married Filing Joint - Above $750,000
Married Filing Separately** - Above $409,000
All Other Filing Status - Above $500,000

**Applies if you are married and lived with your spouse at any time during the year and file a separate tax return from your spouse.

2022 Earnings for One Quarter of Coverage
$1,510
2022 Earnings Limit to Receive FULL Social Security Benefits
If you are: The Maximum Earnings Before Reduction in Social Security Benefits:
Under Full Retirement Age $19,560
Year of Full Retirement Ages $51,960
Full Retirement Age No Limit
2022 Cost-of-Living Adjustment (COLA) for Social Security Benefits
5.9%
2022 Maximum Social Security Monthly Benefit at Full Retirement Age
$3,345








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