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Social Security wage base set for 2019

by Sally P. Schreiber, J.D. | Nov 14, 2018   ()
The 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%, 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. 

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Source: Journal of Accountancy

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