2016 Social Security Changes

2016 Social Security Changes Fact Sheet

At McIntyre, Donohue, Accardi, Salmonson, and Riordan, LLP., one of the legal services we provide to clients is helping them obtain Social Security Disability benefits. With changes in the law occurring yearly at best, its hard to monitor what you are qualified for and how much you are paying.

Linked above is a downloadable PDF of the most current Social Security Changes Fact Sheet, provided by the Social Security Administration’s website. It addresses Cost of Living, tax exemptions, disability thresholds, and retirement benefits. According to the fact sheet, the tax rate for employed and self-employed individuals has not changed; however, the disability threshold has gone up. This is particularly important to what we do and what our clients need. According to the SSA website, a worker as young as 20 has a 25% chance of becoming disabled before fulfilling the 40+ years of work they would have before retirement. What could happen as this individual’s experience grows in their line of work and they perform more complicated tasks? One would think that the more complicated the task, the risk for an accident becomes greater.

If any of this applies to you, this would be extremely helpful to read. Related content can also be found in our Delegate Handbook linked on our homepage.