Here’s a little bit of good news for people on Social Security. I received this email today so this is all I know, but thought it was important enough to pass along. Yvonne
SSI Recipients to Get Slight Increase in 2017
Monthly Social Security and Supplemental Security Income (SSI) benefits for more than 65 million Americans will increase 0.3 percent in 2017, the Social Security Administration announced today.
Under SSDI, the Substantial Gainful Activity (SGA) level goes up to $1,950 a month for blind individuals, $1,170 for non-blind workers. The Trial Work Period (TWP) amount goes up to $840 per month.
The 0.3 percent cost-of-living adjustment (COLA) will begin in January 2017.
Increased payments to more than 8 million SSI beneficiaries will begin on December 30, 2016.
Some other adjustments that take effect in January of each year are based on the increase in average wages. Based on that increase, the maximum amount of earnings subject to the Social Security tax (taxable maximum) will increase to $127,200.
For more information, visit www.socialsecurity.gov/cola.