SS tax

Forum|Forum|2 years ago
April 2, 2024
3 replies
4 views

why no credit for the medicare and SS taxes paid per W2 2024?

VolvoGirl

Level 15

Sorry those are a mandatory tax. You don't get those back. But if you had more than 1 employer and went over the max for Social Security you can get the excess back.

For 2023 the max for Social Security is $9,932.40 on $160,200 of wages (160,200 x 6.2%). W2 box 4.

Cynthiad66

Level 14

We'd love to help you complete your tax return, but need more information. Can you please clarify your question? Please provide more details. What is your issue?

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xmasbaby0

Level 15

The amounts withheld for SS and/or Medicare are not refundable nor do you get any deduction or credit for those amounts. Your income tax refund is based on amounts in boxes 2 and 17 of your W-2.

**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.**