I'm prompted too much social security tax was taken from my pay. I see this could be an adjustment on Schedule 3 for Form 1040 but it's not generating.

Forum|Forum|2 years ago
April 15, 2024
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I saw a post saying excess Social Security Tax can be refunded and it would auto reduce from the amount of taxes due, but there isn't a Schedule 3 in my list of documents being generated. Has anyone experienced this issue?

TurboTax Online

Best answer by VolvoGirl

My main employer too maximum amount out for social security. My extra job, different employer, then took out $80.01.

I don’t see a summary form for W2’s in the Forms in my Return section. Also, I only see the Schedule 3 form when I select Open Forms. It doesn’t move over to the Forms in my Return section.

I’m unable to edit Schedule 3 to add the $80.01 to line 11.

I really appreciate your help. It seems like I’m stuck. The software gives me this large warning message when I entered the two w2’s saying I overpaid but then it seems it can’t link that to any other part of my return.

I would delete the W2s and enter them again manually. That usually clears something out and fixes it. How much is in box 4 on each W2? Leave off the cents. Make sure each box 4 equals box 3 x .062.

Are you using the Online version or the Desktop program?

AnnetteB6

The excess Social Security tax is automatically refunded as part of your tax return in the case where you had mulitple employers during the year.

If too much was withheld from a single employer, then there are steps you need to take to have the excess refunded.

Take a look at the following TurboTax help article for more details and instructions:

Can I get a refund for excess Social Security tax withheld?

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lisamatteen-gmaiAuthor

Thank you. My question isn’t about the process. Rather, I’ve entered all my tax information after being told I was overpaid social security between 2 employers and the software is not generating a Schedule 3 to address the overpayment. I also don’t see how I can manual trigger it to do the credit in the software.

lisamatteen-gmaiAuthor

The help/support info says it will automatically do it but it’s not doing it for me? The desktop software is not generating a Schedule 3, despite alerting me I overpaid into social security. I reviewed all the generated forms and schedules but there isn’t a schedule 3. How do you get the schedule included if it’s not auto?

Help/Support says:

The excess will appear as a tax credit on Line 11 of your Form 1040, Schedule 3.

mglauner

Yes, you should see the amount of Excess Social Security on Schedule 3, Line 11.

If you don't have a Schedule 3 in your list of Forms in My Return, click on 'Open Form' and type in 'Schedule 3'.

Choose 'Create Form' if Schedule 3 does not appear.

This links to your W2/W2G Summary, and ends up showing as a tax payment on Form 1040, Line 18.

Here's more info on Excess Social Security Withheld.

@lisamatteen-gmai

lisamatteen-gmaiAuthor

Thank you, Marilyn. I followed your instructions to open form and typed in Schedule 3.

I’m not seeing any dollar amount in Schedule 3, Part II, line 11. Should the overpayment show there first?

Then when I look at Line 18 on Form 1040, I can’t tell if the overpayment reduced the taxes due as it’s not broken out.

mglauner

Yes, the overpayment should show on Schedule 3. Check the amount of Social Security withheld by your employers on your W2/W2G Summary; is the total over $9,932?

If so, and TurboTax told you the excess amount, you could try entering it yourself on Line 11. Some users had issues with the excess reporting correctly if the employers were linked.

Here's more info on Refund for Excess SS and more user discussion on Multiple W-2's and Excess SS.