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Question
Will I get a social security refund if I have two w-2s in a tax year and my employers deduct more than the annual limit for social security contributions from my combined salaries?
AI accountant’s answer:
Yes, if you have two W-2s and your combined Social Security contributions exceed the annual limit, you may be eligible for a refund of the excess amount. In 2022, the Social Security wage base limit is $147,000, and the tax rate is 6.2%. Any amount contributed above the wage base limit can be claimed as a credit on your individual tax return. When you file your tax return, report the excess Social Security tax withheld on Form 1040, Line 28, "Excess Social Security and tier 1 RRTA tax withheld." This will reduce your overall tax liability, or it may increase your refund if you're already due one.
Comment from reviewer
Ieva Ivanauskas, EA

This is on line 11 of Form 1040, not line 28.

Not Correct.
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