Oasdi Taxable Wages 2024
Oasdi Taxable Wages 2024. The maximum income on which you’ll pay oasdi taxes for the 2024 tax year is $168,600 (up from $160,200 in 2023). 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).
There are two components of social security taxes: Thus, an individual with wages equal to or larger than $168,600.