DianeW777
Employee Tax Expert

Retirement tax questions

If you are referring to over paying social security tax you can confirm your excess payment using our Preview My 1040 steps placed below.

 

For 2023, the maximum limit on earnings for withholding of Social Security (old-age, survivors, and disability insurance) tax is $160,200.00. The Social Security tax rate remains at 6.2 percent. The resulting maximum Social Security tax for 2023 is $9,932.40.

 

Using the Tax Tools: Scroll to Schedule 3, page 2, line 11.  Also Form 1040, line 31.

  • To find Tools: 
    • Sign into your TurboTax account and open or continue your return. 
    • Select Tax Tools in the left menu. 
    • You'll find Tools beneath Tax Tools.
    • Select View Tax Summary
    • Select Preview My 1040 (left)
    • See the image below.

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