Turbo Tax not Correcting Social Security Overwithholding?!

[NiCd]

Married filing jointly, three employers/W-2's between us.  Turbotax claims our MAXIMUM Social Security tax should be ~$8500, but the sum of our three W-2 box-4's is nearly $11K.  Turbotax is SUPPOSED to automatically add the over-taxed sum back to our refund -- and indicate the overage on 1040 Sched 3, line 10 -- but our line 10 is BLANK.  Why isn't Turbotax crediting us for the over-payment? 

Here's the best part: all of this is going on BEFORE we add the complication of deferred Social Security tax collection: one of our employers is presently collecting another $1100 of deferred 2020 Social Security tax -- driving our total Social Security tax bill to $12K+ -- when it should be capped at ~$8500. 

Need some answers!    

[AnnetteB6]

The maximum Social Security tax limit of $8537.40 is per taxpayer, not per tax return.  

If either one of you exceeds the total amount when you consider your W-2s from different employers, then the overage will be automatically refunded as part of your tax return.

Take a look at the following TurboTax article for more information:  Can I get a refund for excess Social Security tax withheld?

[Anonymous]

Turbo Tax Help SAYS it will be managed automatically BUT it is not doing it.  Instead, I get the following message:

You may be due a refund from your employer

Double-check the Social Security tax withheld to make sure we’ve got the right amounts.  Select Back to make any changes to your forms.  If these amounts match your W-2, you’re entitled to a refund from your employer.  Your employer should also give you a corrected W-2 (Form W-2c) with the updated holding amount.

My employer says my tax preparer should take care of it.  TurboTax Help says TurboTax will take care of it.  It does not.  I get the message posted above.

Need help.

[Anonymous]

One other note.  A co-worker has the EXACT same circumstances and also uses TurboTax.  It is working for him as expected.

[LoganathanB]

TurboTax will add the excess social security tax withheld and add it as credit in line 11 of Schedule 3.

Please review your W-2 entries and take a look at your tax return.

TTOnline

• Open or continue your return in TurboTax.
• In the left menu, select Tax Tools and then Tools.
• In the pop-up window Tool Center, choose tax summary
• Review 1040 on the right side
• Go through schedule 3

TTDesktop

• Open your tax return
• Switch to forms mode
• Look at line 11 in Schedule 3

[Anonymous]

Unfortunately, I already tried that.  There IS no Schedule 3.

[FangxiaL]

Here is how to check if you did overpay Social Security tax due to multiple jobs:

If both you and your spouse had wage income in 2021, and one of you held two jobs. Separate the two w-2 forms that belong to you or your spouse, whoever held two jobs, add the dollar amounts in box 4 of the two w-2 forms, if the sum is over $8537.40, then you overpaid, otherwise, you did not overpay and there won't be any refund applicable. 

[Anonymous]

I already know I overpaid.  TurboTax already knows I overpaid.  The problem is TurboTax is not accounting for the overpayment as it says it will.  TurboTax help says it will adjust on Schedule 3.  There IS no Schedule 3.  (Yes, I already generated all the forms as .PDF and looked.)   There is a Schedule 1, Schedule 2, then it goes directly to a Schedule C, etc., etc.

I'm using TurboTax Home & Business.

[Anonymous]

FYI - I'm using TurboTax Home & Business.