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February 22, 2021
Question

Our 2020 return states that we are getting back $2,371 as a credit on our return for overpaid social security tax for 2019. Our 2019 forms seemed to be in order.

  • February 22, 2021
  • 1 reply
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How can I confirm that information?

1 reply

RayW7
February 22, 2021

Yes, you can get excess Social Security tax refunded.

 

The procedure depends on whether the excess withholdings were caused by multiple employers exceeding the maximum or too much being withheld by a single employer.

 

Select your situation for more info.

Multiple employers

Single employer

 

For 2019-

The 2019 Social Security wage base will be $132,900.

Social Security tax rate of 6.2%

An employee with wages up to or above the maximum in 2019 would pay $8,239.80.