Does TurboTax automatically adjust the amount of tax you owe if you paid too much social security tax?

I have several W2s and paid significantly higher social security tax than the max of $8239.80.

posted

Yes---if you had several employers and too much SS was withheld the excess will be added to your refund, or will reduce the tax owed.

It will show up on line 11 of your Schedule 3.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Yes it's automatic. For 2019, If you had more than one employer and the total of box 4 (only box 4 not box 6) on all your 2019 W2s for Social Security is more than $8,239.80 you get the excess back on your tax return. And it is for each spouse separately, not combined. Check 1040 schedule 3 line 11 for it. Then schedule 3 goes to 1040 Line 18d. If only one employer took out more than $8,239.80 you have to get the difference back from that employer and get a corrected W2 form.