Oasdi Tax Cap 2024. For 2024, the wage base is $168,600. The money that employers collect from employee paychecks for the purposes of the oasdi tax actually goes toward funding the social security program.

The social security administration (ssa) announced that the maximum earnings subject to social security (oasdi) tax will increase from $160,200 to $168,600. The most you will have to pay in social security taxes for 2024 will be $10,453.