topic SS tax in After you file

SS tax

deepdiverwayne — Tue, 02 Apr 2024 17:58:34 GMT

why no credit for the medicare and SS taxes paid per W2 2024?

Re: SS tax

VolvoGirl — Tue, 02 Apr 2024 18:00:50 GMT

Sorry those are a mandatory tax. You don't get those back. But if you had more than 1 employer and went over the max for Social Security you can get the excess back.

For 2023 the max for Social Security is $9,932.40 on $160,200 of wages (160,200 x 6.2%). W2 box 4.

Re: SS tax

Cynthiad66 — Tue, 02 Apr 2024 18:00:56 GMT

We'd love to help you complete your tax return, but need more information. Can you please clarify your question? Please provide more details. What is your issue?

Re: SS tax

xmasbaby0 — Tue, 02 Apr 2024 18:01:17 GMT

The amounts withheld for SS and/or Medicare are not refundable nor do you get any deduction or credit for those amounts. Your income tax refund is based on amounts in boxes 2 and 17 of your W-2.