OASDI tax is the employee paid portion of Social Security tax. OASDI stands for Old-Age, Survivors, and Disability Insurance and everyone must pay the government OASDI tax. Social Security FED OASDI Tax will impact your paycheck and there is nothing you can … Continue reading
On October 2015, the Social Security Administration, SSA, released their Social Security withholding rate for 2016. The total Social Security tax limit for 2016 was set to 7.65% for each employee and employer. This Social Security tax rate is broken out … Continue reading
First the good news. The government recently announced they will increase the Social Security benefits by 1.5% in 2014 for those who are already collecting social security income. The increase is slightly less than last year, which was 1.7%. Comparing … Continue reading
Taxes can be frustrating when looking at your paycheck. It is also the first place to turn your eyes to after checking your total take home amount from your paycheck. Tax withholding can comprise of more than 30% of your … Continue reading
Have you checked your paycheck stub in 2013 yet? If you have, then you already noticed that FED OASDI/EE, which stands for Old-Age, Survivors, and Disability Insurance/Employee’s Earning, under your tax deduction section went up significantly.