JillS56
Expert Alumni

Get your taxes done using TurboTax

Yes, you should receive credit for the over-funded amount.   TurboTax will automatically calculate this based on the information entered in your W-2s.  The amount of credit you will receive for the over-funded social security can be found on Form Schedule 3, Line 11 "Excess social security and tier 1 RRTA tax withheld".   The total for Schedule 3 is then entered on Line 31 of the 1040.

 

 

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