160328
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.

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.

Leonardo
New Member

Employer overpaid me in 2017. I received net 20K in bank. Employer asked Gross of 27K. Gross includes insurance/401k/all taxes. Who would pay me 7K back?

Deduction is different than what i am paying extra net money. It make sense to deduct in 2019 because i am paying taxes on 2017. I need my  7,000 which i am paying more than they paid. Would IRS would pay be 7k ?

Employer overpaid me in 2017. I received net 20K in bank. Employer asked Gross of 27K. Gross includes insurance/401k/all taxes. Who would pay me 7K back?

Read my comment above.  You should not be required to repay your employer the Social Security and Medicare taxes, and the rest of the $7000 you have already received credit for.  Nobody is going to pay you $7000.

When you do the "Claim of Right" on your 2018 tax return, it should save you some taxes on that repayment.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question