Retirement tax questions

Sounds like just one of your W2s is wrong.   Check boxes 3 & 4.  How much is in each box?  Box 4 should be Box 3 x .062 up to a max of 8,853.60.   If box 4 is more than that you need to get a corrected W2 from your employer.  Try leaving the cents off box 4.  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.

 

For 2021 the max for Social Security is $8,853.60 on $142,800 of wages (142,800 x 6.2%).

 

You only get excess SS back if one person had more than 1 employer and those employers took out more than the max of  $8,853.60 (for 2021).  If one employer took out more than the max you have to get it back from the employer.

 

Check 1040 Schedule 3 line 11 which goes to 1040 line 31.