Oasdi Max 2024 Increase Synonym. 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). The maximum social security benefit for a worker retiring at full retirement age will increase to $3,822 per month in 2024 from $3,627 in 2023.
The formula for determining the oasdi contribution and benefit base is set by law. For this calculation we have used the maximum tax rate bracket for 2024 of 39.6% (althought that my change if the bush tax cuts are extended).
Oasdi Max 2024 Increase Synonym Images References :