Social Security has published its complete Cost Of Living Adjustments. There's more than individual COLA adjustments to be computed. Here's some key numbers for 2023:
- Attorney user fee: $113
- FICA wage base: $160,200
- Quarter of coverage amount: $1,640
- Substantial gainful activity amount (non-blind): $1,470
- Trial work period threshold: $1,050
Why does the user fee go up? Dumb dumb dumb.
ReplyDeleteInflation. The real question is why it wouldn't go up.
DeleteGiven the rate the FICA wage is going up, it feels like it won't be that long before it overtakes the proposed $400,000 threshold for additionally taxed wages.
ReplyDeleteYeah, I know I'm conflating different limits, but I know you understand the irony anyway.