Oasdi Max 2024 Wage Base. The social security administration recently announced that the wage base for computing social security tax will increase to $168,600 for 2024 (up from $160,200. Monthly social security and supplemental security income benefits for more than 64 million people in the u.s.
The wage base or earnings limit for the 6.2% social security tax rises every year. The formula for determining the oasdi contribution and benefit base is set by law.