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January 27, 2020
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EIN for parent & subsidiary company are same.Checked they are different employers, but excess social security withheld was not reflected in program.Will it be seen later?

  • January 27, 2020
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Best answer by DeanM15

Excess Social Security withholding should appear on Line 11 of Schedule 3 of your Form 1040. It should carry forward to Line 18d of your main Form 1040.

 

If you have 2 or more employers and your income is over $132,900 for the year, you will have excess Social Security withholding. The maximum amount of Social Security tax per person is $8240. 

 

If the excess is not appearing on your tax forms, I would first check to see if you have one of the W2s credited to your spouse. If you have a Married Filing Jointly return, go back to the W2s and check that the person they are under is correct.

 

If the reason you have excess SS withholding is that an employer made a mistake on your account, then you need to ask the employer to fix that for you.

 

There is some more information about excess Social Security withholding here.   

1 reply

DeanM15Answer
January 27, 2020

Excess Social Security withholding should appear on Line 11 of Schedule 3 of your Form 1040. It should carry forward to Line 18d of your main Form 1040.

 

If you have 2 or more employers and your income is over $132,900 for the year, you will have excess Social Security withholding. The maximum amount of Social Security tax per person is $8240. 

 

If the excess is not appearing on your tax forms, I would first check to see if you have one of the W2s credited to your spouse. If you have a Married Filing Jointly return, go back to the W2s and check that the person they are under is correct.

 

If the reason you have excess SS withholding is that an employer made a mistake on your account, then you need to ask the employer to fix that for you.

 

There is some more information about excess Social Security withholding here.   

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null375Author
February 4, 2020

Hi there,

 

The excess social security refund is not calculating in your program because I am using the same EIN for both employers. Both employers are reporting the EIN of a common reporting agent on the two W2's I received. Will I need to get corrected W2's from my employers? Also, I am filing single. 

 

Thanks for your time

February 4, 2020

Currently it is being reported as though by one employer.

The excess withheld should be refunded by the Employer and corrected W-2c issued.

Follow the directions at

How to get Excess Social Security Withheld Refunded