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achitu1
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Can I deduct social security for two jobs at same time

 
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4 Replies

Can I deduct social security for two jobs at same time

Social Security taxes are not deductible.

You enter all the information from the W-2 received for each W-2.  After you enter the first W-2 then you will be asked if you have another W-2 to enter.  Answer YES

Can I deduct social security for two jobs at same time

You do not "deduct" the Social Security that you paid into via payroll withholding.   It would only be if between the two jobs you held that you paid "excess" Social Security that you would be refunded part of the SS that was withheld.

 

If your W-2 Box 4 amounts for yourself add to more than $9114. 00 for 2021, then you paid excess Social Security.    Is that your situation?

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Can I deduct social security for two jobs at same time

@xmasbaby0  Is the $9114 for 2022?

For 2021 the max for Social Security is $8,853.60 on $142,800 of wages.  If you had more than 1 employer and paid more than $8,853.60 in Social Security tax (box 4) combined you get the excess back on your tax return.  For 2021 it will be on Schedule 3 line 11 which goes to 1040 line 31.

Can I deduct social security for two jobs at same time

@VolvoGirl    Oh---you are correct!  Thank you!

 

2016  Maximum $7347      2017 Maximum $7886  2018 $7960.80

 

2019 $8239.80   2020  $8537.40    2021  $8853.60    2022  $9114.00

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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