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msparks30
New Member

While I was completing my taxes it said that my employer owes me a refund form social security tax, how would I get a paper saying this.

How do I get the paperwork from turbo tax to give to ,my employer?
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5 Replies

While I was completing my taxes it said that my employer owes me a refund form social security tax, how would I get a paper saying this.

Need a paper saying that my employer owes me for paying too much social security taxes
HelenaC
New Member

While I was completing my taxes it said that my employer owes me a refund form social security tax, how would I get a paper saying this.

Your W-2 would be your proof. Multiply W-2 Box 2 times 6.2% and it should equal box 3 or a max of $7,347. Then, multiply Box 4 times 1.45% and it should equal box 5 unless you are a high income earner. Any income in excess of $200,000 gets taxed an additional 0.9% (Obamacare) medicare tax.

The current tax rate for social security is 6.2% for the employer and 6.2% for the employee, or 12.4% total. The current rate for Medicare is 1.45% for the employer and 1.45% for the employee, or 2.9% total.
HelenaC
New Member

While I was completing my taxes it said that my employer owes me a refund form social security tax, how would I get a paper saying this.

There is no official TurboTax form unless you want to print a screenshot and give it to your employer.
HelenaC
New Member

While I was completing my taxes it said that my employer owes me a refund form social security tax, how would I get a paper saying this.

Also, verify that you entered the numbers correctly. To get to the W-2, type W-2 in the search bar, click search and Jump to W-2, then Edit it.
HelenaC
New Member

While I was completing my taxes it said that my employer owes me a refund form social security tax, how would I get a paper saying this.

Verify that you entered the amounts correctly.

To get to your W-2:

  • Type W-2 in the search box and click search.
  • Click on Jump to W-2.
  • Edit your W-2 to verify.

Your W-2 would be your proof. Multiply W-2 Box 2 times 6.2% and it should equal box 3 or a max of $7,347. Then, multiply Box 4 times 1.45% and it should equal box 5 unless you are a high income earner. Any income in excess of $200,000 gets taxed an additional 0.9% (Obamacare) medicare tax. 

The current tax rate for social security is 6.2% for the employer and 6.2% for the employee, or 12.4% total. The current rate for Medicare is 1.45% for the employer and 1.45% for the employee, or 2.9% total.

See the following TurboTax FAQ on Excess Social Security withheld and what action to take:

https://ttlc.intuit.com/replies/3300261

[Answer: info added 2-6-17 1:06 pm PST]

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