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1 Excess social security and tier 1 RRTA tax withheld on the Schedule 3
- Author: proconnect.intuit.com
- Published: 07/20/2022
- Review: 4.97 (900 vote)
- Summary: If the taxpayer or spouse had more than one employer during the tax year and the total Social Security tax or Railroad Retirement Tax Act (RRTA) tier 1 tax
- Detail: https://proconnect.intuit.com/support/en-us/help-article/form-1040/excess-social-security-tier-1-rrta-tax-withheld-3/L3Kyp4XSn_US_en_US
2 Topic No. 608 Excess Social Security and RRTA Tax Withheld – IRS
- Author: irs.gov
- Published: 04/13/2022
- Review: 4.68 (253 vote)
- Summary: · If you had more than one employer and too much Social Security tax or Tier 1 RRTA tax withheld, you may be able to claim the excess as a credit
- Detail: https://www.irs.gov/taxtopics/tc608
3 Social Security Income Tax | H&R Block
- Author: hrblock.com
- Published: 02/05/2022
- Review: 4.5 (411 vote)
- Summary: You might only have social security or the SSEB portion of Tier 1 railroad retirement benefits as your income for 2020. If this is true, then: … If you have
- Detail: https://www.hrblock.com/tax-center/income/retirement-income/social-security-tax/
4 Schedule 3 (Form 1040) – Excess Social Security Withheld – TaxAct
- Author: taxact.com
- Published: 11/10/2021
- Review: 4.35 (312 vote)
- Summary: If you, or your spouse if filing a joint return, had more than one employer for 2020 and total wages of more than $137,700, too much social security or tier 1
- Detail: https://www.taxact.com/support/21159/2020/schedule-3-form-1040-excess-social-security-withheld
5 IRS releases instructions for Forms W-2 and W-2c reporting of
- Author: taxnews.ey.com
- Published: 06/05/2022
- Review: 4.04 (522 vote)
- Summary: · Reporting 2020 employee Social Security tax deferrals on Form W-2 … the Tier 1 RRTA tax) withheld by all of your employers to exceed the
- Detail: https://taxnews.ey.com/news/2020-2609
6 Recovering Social Security Taxes Withheld by Multiple Employers
- Author: garveycpa.com
- Published: 08/07/2022
- Review: 3.98 (449 vote)
- Summary: Table 3-2. Maximum Social Security and RRTA Withholding for 2013 ; Tier 1 RRTA. $113,700. 6.2%. $7,049.40 ; Tier 2 RRTA. $84,300. 4.4%. $3,709.20
- Detail: https://garveycpa.com/recovering-social-security-taxes-withheld-by-multiple-employers/
7 How do I get an amount to flow to line 69 of 1040 for Excess Social
- Author: support.cch.com
- Published: 01/26/2022
- Review: 3.79 (314 vote)
- Summary: Excess Social Security and Tier 1 RRTA tax withheld using worksheet view? Prosystem fx will only calculate that amount if the Taxpayer has more than one
- Detail: https://support.cch.com/kb/solution.aspx/sw45863
8 How to Recover Excess Social Security Deductions – PocketSense
- Author: pocketsense.com
- Published: 07/22/2022
- Review: 3.51 (203 vote)
- Summary: Tier 1 Railroad Retirement Tax … Railroad employees pay Tier I railroad retirement tax instead of Social Security tax. As of 2021, these two taxes have the same
- Detail: https://pocketsense.com/recover-excess-social-security-deductions-12219.html
9 Give Your Taxes Some Credit – Investopedia
- Author: investopedia.com
- Published: 08/25/2022
- Review: 3.34 (246 vote)
- Summary: Excess Social Security Tax and Tier 1 RRTA Tax Withheld Credit: This credit applies to taxpayers who have more than one employer and have the full amount of
- Detail: https://www.investopedia.com/articles/tax/08/tax-credit.asp
10 Recovering Excess Social Security Withholdings – Drake Software KB
- Author: kb.drakesoftware.com
- Published: 12/08/2021
- Review: 3.07 (561 vote)
- Summary: If any one employer withheld too much social security or Tier 1 RRTA tax, the taxpayer cannot take the excess as a credit against income tax
- Detail: https://kb.drakesoftware.com/Site/Browse/12459/Recovering-Excess-Social-Security-Withholdings
11 IRS Provides Guidance on Preparation of Forms W-2 for Employees
- Author: twrblog.com
- Published: 08/16/2022
- Review: 2.97 (166 vote)
- Summary: · If employed by more than one employer, the employee should confirm that excess Social Security or RRTA Tier 1 taxes were not withheld for
- Detail: https://www.twrblog.com/2020/11/irs-provides-guidance-on-preparation-of-forms-w-2-for-employees-with-deferred-social-security-tax-withholding/
12 What to do when excess social security tax is withheld
- Author: stanfieldodell.com
- Published: 03/25/2022
- Review: 2.82 (172 vote)
- Summary: This amount is $8,239.80 with a 6.20% rate in effect for 2019 and based on the $132,900 wage. If your total withholding is more than that amount, you can
- Detail: https://stanfieldodell.com/what-to-do-when-excess-social-security-tax-is-withheld/
13 Publication 17, Your Federal Income Tax; Chapter 38 – Other Credits
- Author: jdunman.com
- Published: 01/21/2022
- Review: 2.72 (109 vote)
- Summary: Most employers must withhold social security tax from your wages. If you work for a railroad employer, that employer must withhold tier 1 railroad retirement (
- Detail: http://www.jdunman.com/ww/Business/SBRG/publications/p173802.htm
14 Excess Social Security and Tier 1 RRTA tax Withheld
- Author: taxinformationsite.com
- Published: 12/04/2021
- Review: 2.61 (144 vote)
- Summary: Line 69 of Form 1040 permits taxpayers (and/or their spouse if filing a joint return) with (1) more than one employer in 2012 and (2) total wages exceeding
- Detail: http://taxinformationsite.com/excess-social-security-tier-1-rrta-tax-withheld/
15 What are Excess Social Security Refunds? – Dinesen Tax
- Author: dinesentax.com
- Published: 12/26/2021
- Review: 2.39 (72 vote)
- Summary: · If you look on Form 1040 under the “Payments” section, Line 71, you’ll see a line marked “Excess social security and tier 1 RRTA tax
- Detail: https://www.dinesentax.com/excess-social-security-refunds/
16 What is excess social security and tier 1 RRTA tax withheld
- Author: ttlc.intuit.com
- Published: 12/15/2021
- Review: 2.3 (195 vote)
- Summary: · Excess social security and Tier 1 RRTA tax withheld means that you overpaid on the amount of Social Security from your paychecks
- Detail: https://ttlc.intuit.com/community/retirement/discussion/what-is-excess-social-security-and-tier-1-rrta-tax-withheld/00/2020341
17 1040 – US: Excess Social Security and Tier 1 RRTA tax withheld
- Author: cs.thomsonreuters.com
- Published: 04/18/2022
- Review: 2.35 (176 vote)
- Summary: Per IRS instructions, in order to have excess tax withheld, the taxpayer must have two or more employers to claim the excess SS/RRTA credit
- Detail: https://cs.thomsonreuters.com/ua/ut/cs_us_en/utwapp/kb/1040-us-excess-social-security-and-tier-1-rrta-tax-withheld.htm
18 Deferred Employee Social Security Tax W-2 Guidance
- Author: letaxlaw.com
- Published: 09/08/2022
- Review: 2.12 (88 vote)
- Summary: · Employee Social Security tax deferred in 2020 that is withheld in 2021 … he or she had excess Social Security tax (or Tier 1 RRTA tax) on
- Detail: https://www.letaxlaw.com/post/deferred-employee-social-security-tax-w-2-guidance
19 [PDF] 2013 Tax Return – Senator Kirsten Gillibrand
- Author: gillibrand.senate.gov
- Published: 01/10/2022
- Review: 2.02 (171 vote)
- Summary: X Married filing jointly (even if only one had income). Married filing separately. … Excess social security and tier 1 RRTA tax withheld
- Detail: https://www.gillibrand.senate.gov/download/2013-gillibrand-taxes
20 Excess Social Security – What is this? – Support
- Author: support.taxslayer.com
- Published: 10/04/2021
- Review: 2 (91 vote)
- Summary: Excess Social Security – What is this? · For 2021, the limit is $8,853.60 · For 2020, the limit is $8,537.40 · For 2019, the limit is $8239.80 · For 2018, the limit
- Detail: https://support.taxslayer.com/hc/en-us/articles/360015701192-Excess-Social-Security-What-is-this-
