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M
mcuervof
March 9, 2020
Question

How is Excess social security and tier 1 RRTA tax withheld calculated?

  • March 9, 2020
  • 1 reply
  • 0 views
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1 reply

M
MinhT1
March 9, 2020

The maximum amount which a person must pay in social security tax is $8,339.80 (which is 6.2% of $132,900). If you have paid more than this amount through your forms W-2 (box 4), then there is an excess tax withheld.

 

How you can I get a refund of the excess depends on whether you have one or several employers in the year.

 

Please read this TurboTax help topic for more information. 

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