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Multiple employers deducted the right amount of social security but collectively, too much. How do I get the refund?

multiple employers deducted right amount of social security but collectively, too much. How do I get the refund?
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Multiple employers deducted the right amount of social security but collectively, too much. How do I get the refund?

If you had two or more employers in 2020 and the total of all Social Security taxes withheld in box 4 of your W-2 is greater than $8,537.40, the excess SS taxes will be entered on your federal tax return Schedule 3 Line 10.

The total from Schedule 3 Part II flows to Form 1030 Line 31 as a tax payment.

 

The excess SS taxes withheld will be included in your federal tax refund or they will reduce the amount of federal taxes owed.

Multiple employers deducted the right amount of social security but collectively, too much. How do I get the refund?

Edit answer to box 4 of W-2...

rjs
Level 15
Level 15

Multiple employers deducted the right amount of social security but collectively, too much. How do I get the refund?

TurboTax will do what DoninGA described automatically. You don't have to do anything to get the credit except to enter your W-2s.


If you are filing a joint tax return with your spouse, make sure that each W-2 is entered for the correct person. After you enter all your W-2s, check on the W-2 summary screen to make sure each one was entered for the correct person.

 

Multiple employers deducted the right amount of social security but collectively, too much. How do I get the refund?

And if you are married the Max SS is per person.  Not for both spouses combined.  

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