Skip to main content
February 24, 2021
Question

Last year I paid about $12000 in social security tax in a joint return. Should there have been a cap of about $8000? TurboTax did not include Schedule 3.

  • February 24, 2021
  • 1 reply
  • 0 views
I'm wondering if there was an error. How can I check?

1 reply

VolvoGirl
Employee
February 24, 2021

You have to look at the Schedule SE for self employment tax.  Only the Social Security part maxes out.  But you still owe the Medicare part which is 2.9% (1.45% for ER and 1.45% for EE).  And if you have W2 income the max  is per person.