OASDI Maximum Taxable Earnings Amount Increases for 2014
Created on October 17, 2013 - 10:36pm
2014 OASDI Maximum increases to $113,700 from $110,100
Social Security's Old-Age, Survivors, and Disability Insurance (OASDI) program limits the amount of earnings subject to taxation for a given year. The same annual limit also applies when those earnings are used in a benefit computation [such as relocation]. For earnings in 2014, this base is $117,000.
-- source: Social Security Administration
The OASDI tax rate for employees is 6.2%. At 6.2% of an individual's income up to $117,000, the maximum OASDI contribution an individual would pay is $7,254.00.
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