Oasdi Limit 2024 Max. Base for 2024 under the above formula, the base for 2024 shall be the 1994 base of $60,600 multiplied by the ratio of the national average wage index for 2022 to that for 1992, or, if larger, the 2023 base of $160,200. The maximum social security employer contribution will increase by $520.80 in 2024.

( 2023 social security board of trustees, press release,. 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 later than projected in last year’s report.