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blakedratcliff
New Member

I have a refund for overpaid social security. Does my "Federal Tax Due" reflect this amount?

 
1 Reply
PeterM
New Member

I have a refund for overpaid social security. Does my "Federal Tax Due" reflect this amount?

No. The over-payment of the social security will not be refunded by the IRS.

If you only had one employer last year and they withheld too much social security, you won’t be able to get that excess refunded to you on your tax return. The IRS calls this “Employer’s Error” and your employer should actually refund the excess to you. If your employer doesn't refund the excess taxes, you can IRS Form 843 Claim for Refund and Request for Abatement (click here), to claim a refund.

In the event that you had more than one employer during the taxable year and your total wages and compensation were over the wage base limit for the year (wage base for Social Security wages in 2016 was $118,500), the total social security tax withheld may have exceeded the maximum amount due for the tax year (maximum Social Security tax for 2016 was $7,347).

  • If you had more than one employer and too much social security tax withheld, you may be able to claim the excess as a credit against your income tax on your income tax return. Use either Worksheet 3-1 or 3-2 in Publication 505, Tax Withholding and Estimated Tax, to help you figure the excess amount.

If you're filing a joint return, you and your spouse must figure any excess social security tax or Tier 1 RRTA tax separately.

Additional Information:

For details, including how to compute the amount of excess credit, refer to Publication 505, Tax Withholding and Estimated Tax. Also, see the Form 843 Instructions.


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