Not affiliated with the US Social Security Administration

Maximum Earnings Creditable in any One Year

Excerpted from "Social Security Handbook". See the up-to-date, official Social Security Handbook at ssa.gov.

1301. Maximum Earnings Creditable in any One Year

1301.1 What is the maximum amount of wages that can be credited to your record?

The following table lists the maximum amount of wages that can be credited to your Social Security record.


Maximum Earnings Creditable

Year

Maximum Earnings

Year

Maximum Earnings

2007

$97,500

1985

$39,600

2006

$94,200

1984

$37,800

2005

$90,000

1983

$35,700

2004

$87,900

1982

$32,400

2003

$87,000

1981

$29,700

2002

$84,900

1980

$25,900

2001

$80,400

1979

$22,900

2000

$76,200

1978

$17,700

1999

$72,600

1977

$16,500

1998

$68,400

1976

$15,300

1997

$65,400

1975

$14,100

1996

$62,700

1974

$13,200

1995

$61,200

1973

$10,800

1994

$60,600

1972

$9,000

1993

$57,600

1968-1971

$7,800/year

1992

$55,500

1967

$6,600

1991

$53,400

1966

$6,600

1990

$51,300

1959-1965

$4,800/year

1989

$48,000

1955-1958

$4,200/year

1988

$45,000

1951-1954

$3,600/year

1987

$43,800

1940-1950

$3,000/year

1986

$42,000

1937-1939

$3,000 per employer/year

1301.2 How is the maximum wage amount increased each year?

For the years after 1981, the maximum wage amount is usually increased by Congress. If Congress does not increase the maximum amount, it is automatically increased in multiples of $300 if there is a cost-of-living increase in Social Security benefits. The increased amount is officially published in the Federal Register on or before November 1 of the year before it goes into effect.

Last Revised: Jan. 25, 2007

Ads

Recent Content

Before Freezing Credit, Consider Opening Social Security Online Account

A report states that, in order to establish an online Social Security account at ssa.gov, the Social Security Administration must have access to your credit report to verify your identification.

Thus, before freezing your credit (to mitigate the risk of recent hacks), consider setting up an account at ssa.gov first.

National Social Security Advisor Certification Available

If you're looking for advice on Social Security benefits, it may be useful to find someone with the "National Social Security Advisor" certification.

Although the NSSA appears to be a privately issued certificate, it seems to convey some level of knowledge about Social Security benefits. Finding a financial advisor with NSSA certification may be something worth exploring.

Ads


Sponsored Links

Not affiliated with the US Social Security Administration