2020 Tax Return

Forum|Forum|4 years ago
January 9, 2022
4 replies
29 views

After filling a married filling jointly 2020 tax return. I received a W-2C from my employer that shows that previously reported social security tax withheld $4,344 and corrected social security tax withheld is $5,993. Our total corrected social security tax withheld is $9,613 and total adjusted gross income is $135,810. Should we receive additional refund if we amend our 2020 tax return?

Amend

xmasbaby0

Level 15

No. The IRS does not refund Social Security as an amount combined between the two spouses on a joint return. You only get a refund if your employer(s) withheld an amount in excess of $8637 for ONE spouse. You do not need to amend for the corrected amount of $5993. It will have no effect---unless you had more than one employer in 2020 and the total amount withheld just for YOU is more than $8637.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

SteamTrain

Level 15

Probably not...but depends on what you are indicating....not clear where your $9613 is coming from

The Max SS withholding for all of ONE person's W-2 forms is ~~$8853.60~~ (oops, wrong year) $8537.40 for 2020.....not both spouse's

I can't tell if you are adding together both spouse's W-2 box 4 values or not.....can't do that.

_________________

IF one of you had multiple employers, such that box 4 totaled more than the individual Max, then yes, amending 2020 taxes could/should result in some $$ back.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

xmasbaby0

Level 15

@SteamTrain @dermakov2

The amount that SteamTrain cited is correct for 2021----The maximum amount for one of the spouses on a joint return is $8853. If one of the spouses had more than one employer, and more than that $8853 was withheld for just one of you, there would be a reason to amend and seek a refund. But it does not ever go by the amounts of both spouses' combined box 4 amounts.