DawnC
Expert Alumni

Get your taxes done using TurboTax

Yes, you should get the excess amount (amount over 6.2%) refunded to you and ask for a new corrected W-2.   Your employer is supposed to withhold 6.2% of your Social Security Wages (the Box 3 amount on your W-2), up to a maximum of $9,932.40 per taxpayer for tax year 2023.    If one employer withheld too much Social Security tax, you won't be able to take a credit for the excess on your tax return.   Also, see this Help Article - Excess Social Security Withheld

 

You can correct the Box 4 amount yourself before filing.  Simply multiply the amount in Box 3 by a factor of 0.062 and enter that amount or 9,932.40 (whichever is less) in Box 4.

To get a refund for the excess withholding, fill out IRS Form 843: Claim for Refund and Request for Abatement according to the Form 843 Instructions and mail it in separately. Make a copy to keep with your tax return paperwork.

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