Information about OASDI tax for 2019
OASDI (Social Security) tax is a flat 6.2 percent of subject earnings. There is a wage base limit each year for calculation of OASDI tax. For 2018, the limit was $128,400, meaning that employees only paid OASDI tax on their wages earned up to that amount. After reaching the wage cap for the year, OASDI tax was not deducted from any remaining checks for 2018.
The new OASDI wage limit for 2019 is $132,900. OASDI tax has started again, beginning with the Jan. 4, 2019, paycheck. At the point when an employee’s wages exceed the cap during 2019, he or she will not see OASDI-EE tax deducted on the remaining checks for the year.
Any questions regarding the OASDI or other taxes can be emailed to email@example.com.