OASDI Wage Base Projected to Increase in 2019

In the Social Security Administration’s 2018 OASDI Trustees Report issued June 5, 2018, the Social Security wage base is projected to increase to $132,300 in 2019 from $128,400 in 2018.

The projection is based on the intermediate-cost assumptions in the report, the SSA said.

The wage base is the maximum amount of earnings subject to the Old-Age, Survivors, and Disability Insurance payroll tax. No increase in the wage base occurs if there is no cost-of-living adjustment effective for December of the preceding year, the SSA said.

The low-cost and the high-cost assumptions also project an increase to $132,300, the board of trustees’ annual report said.

As always, if there are any questions please do not hesitate to contact us.

Josh Kendall

Author Josh Kendall

More posts by Josh Kendall