I have two W2's from the same company. The 1st one has SS wages of $131,700 and SS tax withheld of $8,537.40. This is the max amount for tax year 2020. The 2nd W2 has an amount for imputed income from Company paid life insurance. In box 12a it has letter code M for SS tax uncollected of $86.67. When I enter that into Turbotax, it deducts that amount from my refund. This means that I have overpaid SS tax for the year. How should I proceed with this to avoid overpaying SS tax? We are filing married jointly.
