Oasdi Limit 2024 Inflation. The oasdi tax rate for wages paid in 2024 is set by statute at 6.2 percent for employees and employers, each. 1, 2023, the maximum earnings subject to the social security payroll tax will increase by nearly 9 percent to $160,200—up from the $147,000.

For 2024, the social security tax limit has been set at $168,600, an increase from the $160,200 limit in 2023. Understanding this number is more than just ticking a box for the sake of it;.