Well, it’s that time of year again when you’ll want to check out the new 2022 SSA limits. Of note, the annual maximum taxable earnings is now 147,000. Once your earnings hit that threshold no more SSA taxes are taken from your pay. See all of 2022 details by opening the link below:
https://www.ssa.gov/news/press/factsheets/colafacts2022.pdf
Also beginning in January, SSA offices are working on fully reopening to the public. Hopefully, you will be able to visit your local office without a scheduled appointment soon. They are still working on all the backlogs COVID shutdowns created.
There is also new legislation pending that, if passed, will affect SSA. For years, the Windfall Elimination process (https://www.ssa.gov/pubs/EN-05-10045.pdf) has been a source of contention with the public. The below proposed legislation directly affects this process as well as government pension offset provision (https://www.ssa.gov/pubs/EN-05-10007.pdf). This legislation will directly affect how the cost of living adjustment is calculated. If you are interested in its passage, you can contact your local congressional representative to share your view.
https://www.congress.gov/117/bills/hr5723/BILLS-117hr5723ih.pdf
Happy New Year!
Maryellen Eckert
SSA Specialist
