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New Member
posted Mar 17, 2020 2:04:59 PM

What should I do if it says I paid too much social security but the equation is correct.

0 3 419
3 Replies
Expert Alumni
Mar 17, 2020 2:20:51 PM

This can happen if you have multiple employers.  For the tax year 2019, you'll have excess Social Security withholdings if the sum of multiple employers' withholdings exceeds $8,239.80 per taxpayer.

 

You don't need to take any action. We'll automatically add the excess to your federal refund or subtract it from federal taxes you owe, whichever applies.  The excess will appear as a tax credit on Line 11 of your Form 1040, Schedule 3.

New Member
Mar 17, 2020 2:30:34 PM

Thank you. 

 

So I will NEED to pay for the 1040 because the free turbotax does not cover it?

Expert Alumni
Mar 17, 2020 2:38:57 PM

Yes. You can confirm here by checking which level of program covers which tax forms by clicking the link: Comparison of TurboTax Online Products.