Erin is a fourth-year mechanical engineering major who has served in a wide variety of leadership roles, including president of the Society of Women Engineers at UF. She also initiated the first-ever 3D printing outreach day and co-authored a paper published by the American Society for Engineering Education.
The Social Security Administration has announced the 2017 Social Security benefit amounts, and the maximum withholding change for 2017. The maximum taxable earnings for Social Security withholding for 2017 are $127,200. This maximum is up from $118,500 for 2016 and 2015. Medicare withholding has no maximum. The maximum withholding amount is adjusted each year by a formula based on cost of living increases.
Social Security applies a formula to your average lifetime earnings to calculate the amount of your monthly check. The average SSD payment is currently $1,165. The highest dollar amount you can receive from SSD monthly in 2015 is $2,663.f you earn less than the SGA (for 2015, it's $1,090 per month), your monthly benefits won't be impacted. If you earn more than that amount, Social Security will give you a trial work period of nine months to see if your return to work will be permanent.