Maximum Oasdi Withholding 2024. The maximum earnings subject to the social. The oasdi tax rate for wages paid in 2024 is set by statute at 6.2 percent for employees and employers, each.
Of course, both employers and employees pay the 6.2% social security tax rate, which means there could be a max payment next year of: The maximum social security employer contribution will increase by $520.80 in 2024.
The Maximum Social Security Employer Contribution Will Increase By $520.80 In 2024.
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 Administration (Ssa) Announced That The Maximum Earnings Subject To Social Security (Oasdi) Tax Will Increase From $160,200 To $168,600.
As a result, in 2024 youโll pay no more than $10,453 ($168,600 x 6.2%) in social security taxes.
Maximum Oasdi Withholding 2024 Images References :
In 2024, The Oasdi Tax Rate Is 6.2% For Employees.
Max social security tax 2024.
Again, Oasdi Is Just One Part Of Fica Tax.
When an employee earns above the social security wage base, stop withholding and contributing the tax.