AmyC
Expert Alumni

Get your taxes done using TurboTax

The company does not have to give you anything. You have your proof of where you paid back the money - a check probably -and can claim the amount. 

 

Here are your options and how to do it, see What is a Claim of Right Repayment. See also example on page 36 of Pub 525. You will want to determine which is better for you, the credit or the deduction. If the credit is best, you will need to download the desktop version and move your .data file so you can pick right up where you left off.  In addition, you may need to file Form 843 for Medicare and Social Security taxes to be refunded, also on page 36, third column.

 

See also:  How to download TurboTax Desktop software from TurboTax.com

@alsr71

@marcuscato  If the excess FICA taxes were greater than or equal to the amount taken for the extra wages, then you are even. Otherwise, there may be some additional amount due.

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