The amount, an increase from $160,200 in 2023, is the wage base limit that applies to earnings subject to the 6.2% oasdi tax (old age, survivors, and disability. Ii.d2 oasdi income, cost, and expenditures as percentages of taxable payroll.
The wage base changes each year, with. Last year, the maximum taxable earnings for the oasdi tax was $160,200.
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).
For 2024, the social security tax limit is $168,600 (up from $160,200 in 2023).
What Is The Oasdi Limit 2024?
The wage base changes each year, with.
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The Amount, An Increase From $160,200 In 2023, Is The Wage Base Limit That Applies To Earnings Subject To The 6.2% Oasdi Tax (Old Age, Survivors, And Disability.
The social security limit is $168,600 for 2024, meaning any income you make over $168,600 will not be subject to social security tax.
For 2024, The Social Security Tax Limit Is $168,600 (Up From $160,200 In 2023).
As a result, in 2024 youโll pay no more than $10,453 ($168,600 x 6.2%) in social security taxes.