- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
It depends. If you have two different employers which is why you paid an excess in social security tax, then you will see the credit on Schedule 3, line 11 and on the Form 1040, line 31 as a payment towards your taxes. If you see these numbers you can be confident you can file your return. The maximum social security wage is $147,000 and tax is $9,114, respectively.
A new employer is not allowed to offset any social security tax based on wages paid through a different employer. This is strictly handled by the IRS in that circumstance.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎April 17, 2023
2:44 PM