topic Multiple employers deducted the right amount of social security but collectively, too much. How do I get the refund? in After you file

Multiple employers deducted the right amount of social security but collectively, too much. How do I get the refund?

sullivan_nichola — Sat, 12 Dec 2020 19:48:48 GMT

multiple employers deducted right amount of social security but collectively, too much. How do I get the refund?

Re: Multiple employers deducted the right amount of social security but collectively, too much. How do I get the refund?

DoninGA — Sat, 12 Dec 2020 20:10:54 GMT

If you had two or more employers in 2020 and the total of all Social Security taxes withheld in box 4 of your W-2 is greater than $8,537.40, the excess SS taxes will be entered on your federal tax return Schedule 3 Line 10.

The total from Schedule 3 Part II flows to Form 1030 Line 31 as a tax payment.

The excess SS taxes withheld will be included in your federal tax refund or they will reduce the amount of federal taxes owed.

Re: Multiple employers deducted the right amount of social security but collectively, too much. How do I get the refund?

DoninGA — Sat, 12 Dec 2020 20:11:20 GMT

Edit answer to box 4 of W-2...

Re: Multiple employers deducted the right amount of social security but collectively, too much. How do I get the refund?

rjs — Sun, 13 Dec 2020 02:40:07 GMT

TurboTax will do what DoninGA described automatically. You don't have to do anything to get the credit except to enter your W-2s.

If you are filing a joint tax return with your spouse, make sure that each W-2 is entered for the correct person. After you enter all your W-2s, check on the W-2 summary screen to make sure each one was entered for the correct person.

Re: Multiple employers deducted the right amount of social security but collectively, too much. How do I get the refund?

VolvoGirl — Sun, 13 Dec 2020 02:44:28 GMT

And if you are married the Max SS is per person. Not for both spouses combined.