Social Security is a crucial program for millions of disabled Americans. The benefits provided by Social Security allow people to pay their medical bills and everyday living expenses—something that may otherwise be impossible.
Every year, Social Security disability benefits change slightly. Sometime, these changes are positive; sometimes, negative. Either way, 2019 will see some important differences for many SSD recipients.
- An adjustment for inflation
The monthly amount for recipients will increase to cover the cost of inflation. Beginning in January of 2019, you can expect to receive a 2.8 percent cost-of-living increase. This is an average increase of $39 a month, or $468 a year.
- Increased Supplemental Security Income
If you are blind or have another disability and receive Supplemental Security Income, it will increase slightly. Currently, the individual benefit is $750; in 2019, it will grow to $771—an increase of $21. For couples, this amount will grow from $1,125 to $1,157.
- Higher taxable amount of earnings
The government currently limits the maximum amount of earnings that can be taxed for Social Security at $128,400. Next year, the maximum amount subject to Social Security tax will be $132,900. This means that Americans with high incomes will contribute slightly more money to Social Security.
Get answers to your questions about Social Security
Without a doubt, Social Security benefits can seem incredibly complex. The system is complicated and full of bureaucracy. You may still have several questions about the changes coming for SSD, and about your benefits. To get answers to your questions, you may wish to consult an attorney who understands the Social Security system. They can discuss your questions, comments and concerns and help you obtain the maximum amount of benefits available to you.