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Retirement tax questions
Yes it is automatic. If you had more than 1 employer and paid more than $9,114.00 in Social Security tax (box 4) combined you get the excess back on your tax return. If you are married it is for each spouse separately.
Get a calculator and check each W2 box 3&4. Multiply box 3 x .062 and it should be box 4. The max for all box 4 combined (but only for each person) is $9,114.00. Even one penny over from rounding will be excess. So leave off the cents! Or post back with the amounts in boxes 3&4.
Check 1040 Schedule 3 line 10 for it. Then Schedule 3 goes to 1040 line 31
Or are asking about the SE tax on your self employment?
Turbo Tax figures it out for you. If you also have W2 income, you have to break out the Social Security and Medicare taxes. Only the Social Security part maxes out.
The SE tax includes what you already paid in from your W2 so your schedule SE tax will only be the difference up to the max amount of $9114.00 for social security. The max for social security is 6.2% of wages plus schedule C net profit 2022 the max is $147,000. Medicare is 2.9% (both er & ee parts) of all wages & schedule C profit - no max.
In the Online version you have to download the whole pdf to your computer to see it. If you have the desktop program you can switch to forms mode, click Forms in the upper right (left for Mac) and open the schedule SE.