The taxable maximum for 2024 is $168,600, which increased from $160,200 in 2023. Social security tax limit jumps 5.2% for 2024.
With last year’s inflation, the number jumped quite a bit. Based on changes in the consumer price index (cpi), oas benefits will increase by 0.7% for the july to september 2024 quarter, for an increase of 2.8% over the past year, from.
This Means The Most An Employee Will Contribute To Oasdi This Year Is.
The cap is higher for blind.
No Cola Increase Will Occur Until January 2025.
The oasdi limit 2024 has jumped up, making a splash in your social security game plan.
Images References :
No Cola Increase Will Occur Until January 2025.
Social security tax limit jumps 5.2% for 2024.
Ii.b1 Summary Of 2023 Trust Fund Financial Operations.
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).