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ckessaris
New Member

Change jobs halfway through the year - how to avoid paying too much social security tax?

 
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Lisa995
Level 12

Change jobs halfway through the year - how to avoid paying too much social security tax?

Nothing you can do beforehand to avoid this when you have 2 different employers.   You WILL get that excess SS refunded on the tax return if the combined SS from both W2s exceeds the annual limit.
♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪

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2 Replies
SweetieJean
Level 15

Change jobs halfway through the year - how to avoid paying too much social security tax?

. For 2018, the maximum amount of taxable earnings is $128,400. Do you expect to make more than that?
Lisa995
Level 12

Change jobs halfway through the year - how to avoid paying too much social security tax?

Nothing you can do beforehand to avoid this when you have 2 different employers.   You WILL get that excess SS refunded on the tax return if the combined SS from both W2s exceeds the annual limit.
♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪

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