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Due to job change, I paid SS taxes to both my employers w/ a large excess. Turbo Tax software seems to be applying that SS excess tax payment to the Federal Taxes I owe.

Why does it seem like Turbo Tax Software is deducting excess SS taxes paid from Federal Taxes owed?
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2 Replies

Due to job change, I paid SS taxes to both my employers w/ a large excess. Turbo Tax software seems to be applying that SS excess tax payment to the Federal Taxes I owe.

Yes that sounds right.  It either increases a refund or reduces a tax due.  It's included on your return.   What did you expect?

 

Check 1040 Schedule 3 line 10 for it.  Then Schedule 3 goes to 1040 line 31.

Due to job change, I paid SS taxes to both my employers w/ a large excess. Turbo Tax software seems to be applying that SS excess tax payment to the Federal Taxes I owe.

Thank you, this is what I understood but I was not sure SS taxes and Federal Taxes would be connected. That helps a lot!

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