Employer portion of social security overpaid
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
lzhong
New Member

Employer portion of social security overpaid

I have a part time employee who holds another job where he reached maximum withholding for social security.  For the wages we paid him, we also withheld and paid employer portion of social security.  I know the employee can claim back the 6.2% he overpaid on his tax return.  My question is how about the 6.2% we, as employer, contributed and paid over the maximum.  Can we claim it back?  how and where to find more information?   

4 Replies
Critter
Level 15

Employer portion of social security overpaid

The employee get the excess returned on his tax return ... but the employer has no such recourse ... this is an individual limitation not an employer one.  Even if he only worked for you and went over the SS limit you still have to keep paying the employer's portion of the SS taxes. 

Critter
Level 15

Employer portion of social security overpaid

 
lzhong
New Member

Employer portion of social security overpaid

thanks for your reply.  So there is no limit of social security tax on employer side, correct?

Critter
Level 15

Employer portion of social security overpaid

correct

Dynamic AdsDynamic Ads
v
Privacy Settings