Switched jobs paid x2 max Social Security and max x2 NY FPL (box 14)

[Varsuuk]

Hi there, in 2021 our company sold our business to another company. Because of this, I received an extra bonus, which was nice and all of the employee's RSUs (restricted stock units) were vested ALL-AT-ONCE 😉 - this resulted in the highest income I have ever received and it pushed me up a 2 brackets (JUST barely on last at least)

This resulted in my paying the maximum FICA/SS deduction to both employers. I THINK TurboTax is automatically handling this by putting in that $8,854 on a seperate line, I just can't find it clicking on the various Federal Taxes screens I saw.  I am not getting much of a refund (1,200 vs $7,500 in 2020) while paying FICA x2 - so I wanted to make sure it is due to being pushed up brackets and/or their not selling enough shares to cover tax liability (usually this contributes to more refund since they remove more than my normal effective tax rate)

I also seem to have in Box14 of my W2 the same amount of $385.34 for NY FPL deducted for each of the 2 employers. I googled and was under the impression that $385.34 is the max I should be deducted for the NY Family Paid Leave premiums.  Will this money be returned? How do I cause that if it is in Turbo Tax or otherwise?

TLDR:

1) How do I check if the "credit/refund" of 2x Max Social Security payment is already done?

2) I believe I paid x2 max NY FPL premiums (max to each of my 2 consequetive employers) - is there a way to get this adjusted/returned? How do I do this?

[DanielV01]

1.  Use your Tax Tools to preview your return, and look for Schedule 3.  Excess Social Security withholdings will be credited there.

2.  New York does not have a location on the tax return to claim excess PFL withholdings.  You will need to claim this through your employer.  Please see this post by RobertB444 with more information and a link on how to do so here.

[Mike9241]

the extra social security you paid you will get back. it will show up on line 11 of schedule 3. - refundable tax credits. there is no such thing as excess medicare. the 1.45% tax applies to all wages that are taxable for this purpose

[Varsuuk]

#1 Thank you! Now that I knew where to look, I see the credit. Since I received all this unexpected (and unrealized as it is still tied up in now-sellable shares) extra income, I'd have owed >$7K if not for this mistake 😉 so it kind of helped actually.

#2 OK, I will contact them after I check your link, thank you very much again.

[Varsuuk]

Thank you Mike, I was able to find it and see that it indeed did offset over $7000 in owed federal taxes this year. I am not used to oweing and saw the very tiny refund so I didn't think it already included an over $8K FICA refund ;0

The second thing was for my NY FPL payments, medicare had nothing to do with either issue. I found a better explanation earlier today but a quick google got me this for now: 

"What is NY PFL deduction?

New York Paid Family Leave is insurance that may be funded by employees through payroll deductions. In 2021, the contribution is 0.511% of an employee's gross wages each pay period. The maximum annual contribution is $385.34."

I had $385.34 deducted for both employers (one I worked at from January to mid/late-June and the other from then until end of year)