Credit for excess Social Security deductions on my W-2s

[kickroot]

In past years when switching employers and having excess Social Security deductions withheld on my W-2, Turbo Tax alerted me to the fact. This year it hasn't done the same and does not appear to recognize my overpayment.  My understanding is that for 2024 the calculated overpayment appears as a credit on Schedule 3 and flows to Form 1040. Can I verify this before paying Intuit?

[MinhT1 · Accepted solution]

Yes. You can preview your form 1040.

In TurboTax Online, you can preview your form 1040 by following these steps:

1. Open your return
2. In the left-hand column, locate Tax Tools, click on the drop-down arrow then click on Tools
3. On the Tools Center page, click on View Tax Summary
4. In the left-hand column, click on Preview my 1040
5. Your form 1040 will display.
6. Scroll down to line 31  and you should see the amount which is transferred here from line 15 of Schedule 3.

[VolvoGirl]

Somethings to check.  Are you married?   Be sure the W2s are both assigned to you.   Also try deleting the W2s and re enter them Manually.   That usually clears something and fixes it.   Did you keep going past that screen?  It may show up on the next screen or two.

For 2024 the max for Social Security is $10,453.20 on $168,600 of wages (168,600 x 6.2%).