turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

kbm555866
Returning Member

2 Jobs, Excess Social security withholding, employer portion

Hi,

I work 2 jobs and max out social security tax withholding on both jobs.

TurboTax does fill out Schedule-3, line 11, but that is only the employee portion of the excess withholding.

What happens to the employer portion of the excess withholding?..

shouldn't that be included in the refund as well?

 

Thanks

 

Mohan

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

4 Replies

2 Jobs, Excess Social security withholding, employer portion

Only the excess SS taxes which were withheld from your SS wages can be entered on your tax return as a tax payment.

You cannot get a credit for taxes you never paid.  The employer paid their share to the SS administration.

ColeenD3
Expert Alumni

2 Jobs, Excess Social security withholding, employer portion

No, that is not your money, it is the employer's money. He contributes half of the social security for you, not to you.

kbm555866
Returning Member

2 Jobs, Excess Social security withholding, employer portion

Yes, I understand it is the employer portion and it was paid by the employer.

My point is that, why should uncle sam get $8854 extra, that goes into a blackhole and never gets counted?.

Since the employer paid on my behalf, shouldn't I be entitled to it?

 

Thanks

ColeenD3
Expert Alumni

2 Jobs, Excess Social security withholding, employer portion

No, you are not at all entitled to it. You did not pay it. It is the employer's responsibility to claim it on his own behalf.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question