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SSA Sets Base Wage for 2019

November 13, 2018

The U.S. Social Security Administration (SSA) announced that the maximum amount of wages subject to the old age, survivors and disability insurance (OASDI) tax will increase to $132,900 for 2019. The OASDI tax rate is 6.2 percent, so an employee with wages up to or above the maximum in 2019 would pay $8,239.80 in tax and the employer would pay an equal amount. Self-employed individuals pay tax at a 12.4 percent rate up to the limit. The 2018 wage base is $128,400, for a $7,960.80 maximum amount of OASDI tax. Click here (PDF) for more information.