What Is The 2024 Oasdi Max. The wage base or earnings limit for the 6.2% social security tax rises every year. Only the social security tax has a wage base limit.
The social security administration (ssa) announced that the maximum earnings subject to social security (oasdi) tax will increase from $160,200 to $168,600 in 2024 (an increase of $8,400). Last year, the maximum taxable earnings for the oasdi tax was $160,200.
Ii.d2 Oasdi Income, Cost, And Expenditures As Percentages Of Taxable Payroll.
The wage base changes each year, with an adjustment.
The Maximum Income On Which Youโll Pay Oasdi Taxes For The 2024 Tax Year Is $168,600 (Up From $160,200 In 2023).
For earnings in 2024, this base is.
What Is The 2024 Oasdi Max Images References :
With Last Year's Inflation, The Number Jumped Quite A Bit.
This is also called the taxable maximum, meaning that any income above this limit is not subject to oasdi taxes.
Projected Social Security Wage Base Information As.
Last year, the maximum taxable earnings for the oasdi tax was $160,200.