I am changing jobs. I've hit the social security cap already. Can I offset the amount taken out for income witholding on my W4 to offset or might that trigger a penalty?

I've tried to chase down the calculations for the penalties and deductions, and it seems like the excessive social security payment counts as a refundable tax credit, so I think that this will be okay and it'll avoid any penality (Assuming I did everything else right), but the W4 doesn't explicitly mention Schedule 3 line 11 in the Deduction Worksheed for Step 4 b so I'm a bit concerned.