The OASDI tax funds Social Security. It stands for Old-Age, Survivor and Disability Insurance. It’s better known as the Social Security Tax, and is one of the two FICA (Federal Insurance Contributions ...

It’s a new year, and there are new benefit amounts that take effect at the beginning of each year as well as basic pay adjustments for federal workers under the General Schedule and cost of living ...

Employers and employees must pay FICA taxes to contribute to social security and medicare. What you need to know. Many, or all, of the products featured on this page are from our advertising partners ...

Breaking Tax Update: The Social Security Administration just announced the 2026 OASDI wage base increased to $184,500—a $14,400 jump from 2025. If you earn above this threshold, you'll pay $893 more ...

Social Security uses your top 35 income years, adjusted for inflation, to calculate benefits. Claiming benefits before full retirement age leads to permanently reduced monthly payments. Delaying ...