topic I overpaid in social security taxes this year due to having multiple employers but I am not seeing the credit subtracted from what the taxes I owe. What gives? in Get your taxes done using TurboTax

I overpaid in social security taxes this year due to having multiple employers but I am not seeing the credit subtracted from what the taxes I owe. What gives?

ed-munoz08 — Tue, 04 Feb 2020 06:18:58 GMT

Re: I overpaid in social security taxes this year due to having multiple employers but I am not s...

MayaD — Tue, 04 Feb 2020 17:22:39 GMT

The excess social security is reported on Schedule 3 (Additional Credits and Payments) line 11.

The total of excess Social Security Taxes and Other Payments and Refundable Credits will show on schedule 3 line 14 and on your tax return Form 1040 line 18d.

Re: I overpaid in social security taxes this year due to having multiple employers but I am not s...

ed-munoz08 — Tue, 04 Feb 2020 18:38:22 GMT

Thanks for your reply, Maya. I am aware that form 1040 reflects the credit however I do not see the amount subtracted from what TurboTax is making me pay for what I owe in taxes. I would expect this credit to be subtracted from what I owe.

Re: I overpaid in social security taxes this year due to having multiple employers but I am not s...

JosephF8 — Tue, 04 Feb 2020 18:56:47 GMT

Basically it is added to your other payments and refundable credits as follows.

On the 1040 Line 16 is your total tax
Line 17 notes your Federal Tax Withheld on W-2's and 1099's
As noted The Credit for Excess Social Security flows to Line 18d
When added to other payments and refundable credits it moves to Line 18e
This line is then added to Line 17 (noted above) and totaled on Line 20.
At this point if line 20 is greater than line 16 you get a refund.

If Line 16 is greater than Line 20 you have tax due.

Re: I overpaid in social security taxes this year due to having multiple employers but I am not s...

User_1234 — Sat, 08 Feb 2020 15:40:07 GMT

@JosephF8 wrote:
As noted The Credit for Excess Social Security flows to Line 18d

This is the issue, it seems Turbotax is not populating Schedule 3 to get this value. I see the same behavior as the OP, the software is telling me the overpayment will be applied, however there is no change in calculations. Digging further, I found that Schedule 3, Line 11 is empty.

Re: I overpaid in social security taxes this year due to having multiple employers but I am not s...

LindaB1993 — Tue, 11 Feb 2020 04:52:48 GMT

I conducted a test case and the excess social security was computed due to multiple employers based on the following:

In 2019, you aren't required to pay the Social Security tax on any income you earn beyond $132,900. This limit is known as the Social Security Wage Base. This means that, regardless of how much income you earn, you'll pay no more $8,240 in Social Security taxes
For 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.

Re: I overpaid in social security taxes this year due to having multiple employers but I am not s...

Msouto5 — Sun, 05 Apr 2020 17:00:19 GMT

Having same problem!

schedule 3 #11
total excess social security is showing BLANK! No number.
Many people are saying the have a problem but turbo keeps saying no???

Please don’t ask if we put in correctly.
husband has 2 different employers, paid $8900 to SS. No credit. What do we do?????

Re: I overpaid in social security taxes this year due to having multiple employers but I am not s...

DeanM15 — Sun, 05 Apr 2020 17:53:44 GMT

The most likely reason it is not showing is that you have one of the W2s assigned to the wrong person.

Check in the W2 section that both W2s are assigned to the correct person. Absent the excess SS withholding it generally does not matter on a joint return. In this case, it does.

@Msouto5

Re: I overpaid in social security taxes this year due to having multiple employers but I am not s...

debsnell — Fri, 10 Apr 2020 19:48:42 GMT

My W-2s are correctly entered for the same person and Schedule 3 line 11 is still blank.

Re: I overpaid in social security taxes this year due to having multiple employers but I am not s...

rspillman98-gmai — Wed, 09 Feb 2022 21:39:50 GMT

I have the same problem and nothing is showing on Schedule 3 or on the 1040. When are you fixing the bug?

Re: I overpaid in social security taxes this year due to having multiple employers but I am not s...

DaveF1006 — Wed, 09 Feb 2022 21:56:21 GMT

To clarify, What is the combined total of the Social Security Withholdings from the multiple employers?