Contribution and Benefit Base

Official source

Title: Contribution and Benefit Base. URL Source: https://www.ssa.gov/OACT/COLA/cbb.html. 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. This limit changes each year with changes in the national average wage index. Contribution and benefit base table. Year 2024: $168,600. Note: Amounts for 1978 through 1990 are legislated amounts. All other amounts are determined under automatic adjustment provisions of the Social Security Act.

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Contribution and Benefit Base

Official source

Title: Contribution and Benefit Base. URL Source: https://www.ssa.gov/OACT/COLA/cbb.html. 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. This limit changes each year with changes in the national average wage index. Contribution and benefit base table. Year 2024: $168,600. Note: Amounts for 1978 through 1990 are legislated amounts. All other amounts are determined under automatic adjustment provisions of the Social Security Act.