Oasdi Limit 2024 Social Security Income. The maximum amount of income subject to the oasdi tax is $168,600 in 2024. The oasdi tax rate for wages paid in 2024 is set by statute at 6.2 percent for employees and employers, each.
In 2024, the income limit for oasdi tax is $168,600. What is the oasdi limit 2024?
If You’re Younger Than Full Retirement Age During The Whole Year.
The social security administration (ssa) announced that the maximum earnings subject to social security (oasdi) tax will increase from $160,200 to $168,600.
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 cap is set by congress and can be revised.
Oasdi Limit 2024 Social Security Income Images References :
Oasdi Contribution Limits For 2024.
Keep an eye on the oasdi limit—it’s your earnings ceiling for social security taxes.
The Limit For 2023 And 2024 Is $25,000 If You Are A Single Filer, Head Of Household Or Qualifying Widow Or Widower With A Dependent Child.
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.