I have excess Social Security tax witheld as a result of multiple employers W2.
Best Answer
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843 is if you need to get a refund of SS taxes because you weren't supposed to have them deducted at all.
If you're filing a 1040, you will get the overwithheld SS as a credit. Just fill out the information from your W-2s correctly. The credit will show up on Form 1040, sch. 3, line 11.
Remember that SS per person, so if you're combining the SS for yourself and your spouse, that doesn't count. And you can only claim it if you earned over $168.600 and you had more than one employer. If a single employer overwithheld, they need to refund it to you. If they refuse, then you can use Form 843. https://www.irs.gov/taxtopics/tc608
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Answers
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The software will automatically calculate the overpayment and will subtract from your tax due. The subtraction will appear on Schedule 3 (Additional Payments & Credits), Line 11 which carries over to 1040, Line 31.
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I got a message that said I need to fill form 843 so I am confused.
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You do not need to file Form 843 if your Form 1040 already gives you a refund for excess Social Security tax withheld.
Here's how it works:
If you had too much Social Security tax withheld because you:
- Worked for multiple employers, and
- The combined withholding exceeded the annual limit
Then you just report the excess on your Form 1040, Schedule 3, Line 11 (as part of nonrefundable credits), and the IRS will include the refund in your regular tax refund.
When you would use Form 843:
If you overpaid Social Security tax due to:
- One employer overwithholding in error (e.g., taking out more than the yearly limit), then you must request a refund from your employer. If they refuse or can’t issue the refund, then you can file Form 843 to request it directly from the IRS.
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I got two W2 from the same employer ID but different employer names (same company but different pay agents), and I paid excessive social security tax. Would the FreeTaxUSA automatically handle this issue?
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@1CE
Generally, if it is the same employer, you should contact them and see if they could refund the excess amount. If they say no, that's when you would file form 843.
However, if they say that they are technically two separate employers, then FreeTaxUSA's software would handle it automatically for you based on the information from your W-2s.1 -
Thank you! I contacted support and looks like the software handled this automatically.
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