Oasdi Withholding Limit 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). So, you’re looking at a potential $7,500 increase in the taxable wage base from this year to next.
In 2024, only the first $168,600 of an employee’s annual wages are subject to oasdi taxes. 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 Oasdi Tax Rate For Wages Paid In 2024 Is Set By Statute At 6.2 Percent For Employees And.
This amount is also commonly referred to as the taxable maximum.
Oasdi Tax Is A Flat Rate Of 12.4%, Split Evenly Between Employers And Employees.
No tax will be due on any income above the oasdi limit.
Oasdi Withholding Limit 2024 Images References :
It Is Possible To Have Been Overwithheld For Oasdi (Fica) Taxes In The Event That The Total Of All W2 Earning (From Multiple Employers) For The Year (2024) Exceed $113,700.
In 2024, the social security tax limit rises to $168,600.
The Maximum Income On Which You’ll Pay Oasdi Taxes For The 2024 Tax Year Is $168,600 (Up From $160,200 In 2023).
Oasdi tax is a flat rate of 12.4%, split evenly between employers and employees.