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TurboTax is alerting me that I have overpaid my social security tax by about $16k (I received W2s from multiple employers). How do I apply that to my refund?

 
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2 Replies
MinhT1
Expert Alumni

TurboTax is alerting me that I have overpaid my social security tax by about $16k (I received W2s from multiple employers). How do I apply that to my refund?

If you enter your 2 or more forms W-2 in TurboTax, the amount of excess social security tax withheld will be calculated by TurboTax and included as a credit on your tax return (line 11 of Schedule 3 of form 1040). You will not receive a separate refund.

 

To check that this credit is on your form 1040, you can preview this form by following these steps:

  • In TurboTax, open your return
  • In the left-hand column, locate Tax Tools, click on the drop-down arrow then click on Tools
  • On the Tools Center page, click on View Tax Summary
  • In the left-hand column, click on Preview my 1040
  • Your form 1040 will display.
  • Scroll down to Schedule 3 Part II - Additional Credits and Payments - line 11 and you should see the amount of the excess social security withheld.
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TurboTax is alerting me that I have overpaid my social security tax by about $16k (I received W2s from multiple employers). How do I apply that to my refund?

For 2019, the maximum social security withholding per person is $8,239.80.  If you had more than that withheld from one employer, you must contact the employer for a refund.  If each employer withheld that much or less but the total of all your employers is more, Turbotax will claim a refund as part of your overall tax payments. 

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