Oasdi Tax 2024 Limit. Understanding the oasdi limit in 2024. In 2011 and 2012, the employee portion of the oasdi tax contribution was reduced to 4.20 percent.
In 2011 and 2012, the employee portion of the oasdi tax contribution was reduced to 4.20 percent. For 2024, the social security tax limit is $168,600 (up from $160,200 in 2023).
This Means That Income Above $168,600 Is Not Subject To The 6.2% Social.
This is also called the taxable maximum, meaning that any income above this limit is not subject to oasdi taxes.
As A Result, In 2024 Youโll Pay No More Than $10,453 ($168,600 X 6.2%) In Social Security Taxes.
The oasdi limit in 2024 is $168,600.
Oasdi Tax 2024 Limit Images References :
The Oasdi Tax For Self.
The wage base limit is the maximum wage that's subject to the tax for that year.
This Is Also Called The Taxable Maximum, Meaning That Any Income Above This Limit Is Not Subject To Oasdi Taxes.
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).
