samchou
Returning Member

Retirement tax questions

@Kawh I am in a similar situation for my 2020 taxes. One CPEO, two different jobs, but I also got two different W-2s with same EIN. I too have an overpayment of social security tax. Even though I have two W-2s, Turbotax flags this overpayment, but still cannot resolve this issue within the software.

 

Could you kindly list the steps you took to get the refund? Based on this thread and a few others, I gather the following needs to be done:

 

1. Get a CD or a downloadable copy of TT 2020. I have Premier.


2. Adjust the social security tax withheld between the two W2 so that it is the max for this year (FY 2020). In my case, my first W2 has the max SS tax, so for my second W2, I will put a zero for this field. Not sure about this step since this was recommended while filing form 843.

 

3. Then take a printout of the state and federal forms.

 

4. Add the excess SS tax withheld to 1040 Schedule 3 Line 10 (2020 form) and calculate the rest of the form.

 

5. Adjust the form 1040 (line 31 2020 form) and below to calculate the refund / credit for tax.

 

Thank you in advance.