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lkluep
New Member

It states I get a social security tax refund but don't see it deducted from federal taxes due, is this a separate refund?

 
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It states I get a social security tax refund but don't see it deducted from federal taxes due, is this a separate refund?

The excess SS taxes withheld are entered on Form 1040 Schedule Schedule 5 Line 72.  This amount flows to your Form 1040 Line 17 as a tax payment/credit.  Any tax refund you receive will have the excess SS payments included or it will reduce your taxes owed by the amount of the overpayment.  It is not a separate tax refund.

You can view your Form 1040 at any time.  Click on Tax Tools on the left side of the screen.  Click on Tools.  Click on View Tax Summary.  Click on Preview my 1040 on the left side of the screen.

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3 Replies

It states I get a social security tax refund but don't see it deducted from federal taxes due, is this a separate refund?

Did you have two or more employers in 2018 where the total of all Social Security taxes withheld was over $7,960.80?
lkluep
New Member

It states I get a social security tax refund but don't see it deducted from federal taxes due, is this a separate refund?

Yes

It states I get a social security tax refund but don't see it deducted from federal taxes due, is this a separate refund?

The excess SS taxes withheld are entered on Form 1040 Schedule Schedule 5 Line 72.  This amount flows to your Form 1040 Line 17 as a tax payment/credit.  Any tax refund you receive will have the excess SS payments included or it will reduce your taxes owed by the amount of the overpayment.  It is not a separate tax refund.

You can view your Form 1040 at any time.  Click on Tax Tools on the left side of the screen.  Click on Tools.  Click on View Tax Summary.  Click on Preview my 1040 on the left side of the screen.

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