Amend 2020 tax return for SS taxes

[tcarness]

I just received a corrected form W-2C from my employer the USDA that said I paid more than my W-2 from 2020 by 995.98 I would like to amend it if it means I will get a refund for understating what I paid.  Thanks for any advice.  I made less than 75K so it might be a few dollars?

[xmasbaby0]

If you paid more than  $8537.40  for Social Security in 2020 then you could get a refund for paying excess Social Security.   Did you have more than one employer who withheld SS from your wages?    If the combined total withheld for SS  in box 4 of your W-2's did not exceed the amount mentioned above you will not get any additional refund, and you do not need to amend.      If more than $8537.40 was withheld by ONE employer you must seek a refund of the excess SS withheld from that employer.

[VolvoGirl]

What did you pay more for?  The Social Security tax on W2 box 4 or another box?

For Social Security you don't need to amend for the Social Security tax.  Unless it increased and you have more than 1 employer and together they went over the max.  Or if you claimed excess Social Security and they reduced the ss tax.  

[tcarness]

the original amount was 2500, I got a letter saying I actually paid in 3400 so I was wondering if the 900 dollar difference would mean anything as far as taxes paid for 2020.  Heck, I would take 20 bucks 🙂

[xmasbaby0]

@tcarness Sorry--no you will not get a refund for that,   As stated earlier, unless the total amount withheld from your 2020 wages for SS exceeded $8537.40  you will not get a refund.   Not even twenty bucks.   

[VolvoGirl]

Sorry no.   The Social Security tax doesn't affect your tax return and you don't get any of it back.  It doesn't go on your tax return.   It is a mandatory tax.  It's not like federal and state withholding that you can get back.

[tcarness]

Thanks, it would be a pain to amend anyway.  Move on, look up.  

[tcarness]

Got it.  Thanks for the info