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Level 1
June 3, 2019
Question

Social security tax overpayment

  • June 3, 2019
  • 1 reply
  • 10 views
My husband had 2 employers last year and both employers had taken out $7347 in social security tax.  Where do I make sure I can get a credit for overpayment?

1 reply

Level 15
June 3, 2019
If the amount of Social Security taxes withheld was too much because two W-2s (from two different companies) put together went over $7,347 (the maximum Social Security taxes to be withheld for one taxpayer in a year), then TurboTax will compute the excess amount and refund it to you automatically as a credit on line 71 on page 2 of the 1040.

Please see Tax Topic 608 at the IRS website.




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