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jbb3-mail
New Member

Using the online version and could not be more disappointed. Zero forms visibility. How do I confirm that my overpayment of medicare tax was credited or not?

At some point during entry TT did state I had overpaid medicare, but I don't see any evidence of a credit.  
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2 Replies
DianeW777
Employee Tax Expert

Using the online version and could not be more disappointed. Zero forms visibility. How do I confirm that my overpayment of medicare tax was credited or not?

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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Using the online version and could not be more disappointed. Zero forms visibility. How do I confirm that my overpayment of medicare tax was credited or not?

Correct...most users ,who are experienced with the Desktop software, will not use the Online software, especially with the absence of "Forms Mode" to quickly see what's going on.

BUT also, those with families sometimes have a couple of tax returns to file for MFJ parents + working teens.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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