Not affiliated with the US Social Security Administration
Employees Working for More Than One Employer
1407.1 Why is too much tax sometimes withheld?
If you work for more than one employer, you may not have to pay all the taxes deducted by the employers. This is because the tax is deducted on wages paid by each employer up to the maximum wages creditable for Social Security. The total deducted may be more than you owe. (Beginning with tax year 1994, there is no limit on Medicare wages.)
1407.2 How is Social Security tax calculated if too much was withheld?
Claim the excess as a credit against your income tax when you file your Federal income tax return. Your credit is the total Social Security that was deducted from your wages that year minus the taxes actually due.
Last Revised: Jul. 1, 2004
- Statements of Earnings for Employees
- Special Rules for Cash Tips After 1965
- Employee Tax Deducted from Pay
- Records Employers Must Keep
- Do taxes withheld from pay count as wages?
- Earnings Reports Filed by Employers
- Wages Paid Before January 1, 1987
- When can earnings records be revised after the time limit?
- Union Records
- Social Security and Medicare Tax Rates
- Can wages be credited to your record even if you cannot obtain any evidence of wages?
- When Income is Counted
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