Oasdi Max 2024 Projection
Oasdi Max 2024 Projection
This is also called the taxable maximum, meaning that any income above this limit is not subject to oasdi taxes. Using the “intermediate” projections, the board projects the social security wage base will be $167,700 in 2024 (up from $160,200 this year) and will increase to.
So, you’re looking at a potential $7,500 increase in the taxable wage base from this year to next. Under the trustees’ intermediate assumptions, oasdi cost exceeds total income in 2024 and in every year thereafter through 2098, and the level of the hypothetical combined trust fund reserves declines until reserves become depleted in 2035, one year.