Oasdi Max 2024 Wage Base. Individual taxable earnings of up to $168,600 annually will be subject to social security tax in 2024, the social security administration (ssa) announced. The social security administration (ssa) announced that the maximum earnings subject to social security (oasdi) tax will increase from $160,200 to $168,600.
For any year, the contribution and benefit base is the maximum amount of earnings subject to the oasdi payroll tax and. Base for 2024 under the above formula, the base for 2024 shall be the 1994 base of $60,600 multiplied by the ratio of the national average wage index for 2022 to that for.
