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Exceeding OASDI by working with two entities within the same company
I changed organizations within my company this year which generated two W2s and an overage in my OASDI. I received the following information today from my employer and wanted to reach out the community for advice and to understand how I may be able to get around this issue since I already purchased the Premier Edition for this year's taxes, as I always do: You changed legal entities in 2023 and will receive multiple W-2s. In addition, your total OASDI withheld in 2023 was more than the annual limit ($9,932.40). For this reason, the IRS recommends you do not submit or file your taxes electronically (e.g. Turbo Tax or similar software). Doing so may cause a delay in processing your federal income tax return and could impact the timely receipt of your possible excess OASDI (Social Security) credit. The W-2s you receive are filed under a single Federal Employer Identification Number because M****and the IRS previously entered into a Pay Agent W-2 filing agreement. Having a single FEIN can appear that your W-2 forms are from the same company, however, they are for separate legal entities and this causes errors with electronic tax filing systems.