Deductions & credits

Excess SS paid is computed automatically by the program if you paid in too much SS taxes on your combined W-2 forms ... the program would have asked you to review that amount in the W-2 section ... you can log into the return by using the ADD A STATE option at the bottom of the landing page. 

 

There are 2 different situations when it will say Employer may have paid too much Social Security.  It's saying either 1 employer took out too much SS -OR- that you paid too much SS because you had more than 1 employer.  This should cover both.

 

More than 1 Employer:

For 2020,  If you had more than one employer and  the total of box 4 (only box 4 not box 6) on all your 2020 W2s  for Social Security is more than $8,537.40 you get the excess back on your tax return.  And it is for each spouse separately, not combined.  Check 1040 schedule 3 line 10 for it.  Then schedule 3 goes to 1040 Line 31.  If only one employer took out more than$8,537.40 you have to get the difference back from that employer and get a corrected W2 form.

                       

One Employer:

Check boxes 3 & 4 on your W2. Box 4 should be 6.2% of box 3 up to a max of $8,537.40.   So take the amount in box 3 and multiply it by .062. If box 4 is more than that you need to get a corrected W2 from your employer.  But also go back and double check your W2 entries, you may have entered box 3 & 4 wrong.  A lot of people who have asked this found they did enter an amount wrong.

 

Or check W2 box 12.  You may have entered Code A by mistake.

 

Or post back with the amounts in boxes 3&4.