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  2. Dec 10, 2021 · If a taxpayer works more than one job and combined wages exceed $142,800 from multiple employers in 2021, then more than the max social security withheld tax limit per individual, $8,853.60, will be withheld for the taxpayer.

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  3. When you have more than one job in a year, each of your employers must withhold Social Security taxes from your wages. This applies no matter what the other employers may have withheld. You may then end up with total Social Security taxes withheld that exceed the maximum.

    Year
    Amount
    2024
    $168,600
    2023
    $160,200
    2022
    $147,000
    2021
    $142,800
  4. Oct 11, 2023 · As an employee, if I have jobs with multiple employers, I can have too much social security withheld in a year. Example: if I have two jobs, each paying over $160,200 (in 2023) then each will withhold the maximum $9932.40 (= 6.2% of $160,200).

  5. Feb 13, 2024 · You may be entitled to a refund if you paid both tier 1 RRTA tax and Social Security tax which, combined, exceed the Social Security wage base. If you had more than one employer and too much tier 2 RRTA tax withheld, you may request a refund of the excess tier 2 RRTA tax using Form 843 PDF .

  6. Jan 27, 2024 · Your employer is supposed to withhold 6.2% of your Social Security Wages (the Box 3 amount on your W-2), up to a maximum of $9,932.40 per taxpayer for tax year 2023. If one employer withheld too much Social Security tax, you won't be able to take a credit for the excess on your tax return.

  7. Jan 10, 2024 · If you earn more than the taxable maximum through multiple jobs, each of your employers must withhold Social Security taxes from your wages until you exceed the tax limit at that...

  8. During 2024, you plan to work and earn $24,920 ($2,600 above the $22,320 limit). We would withhold $1,300 of your Social Security benefits ($1 for every $2 you earn over the limit). To do this, we would withhold all benefit payments from January 2024 through March 2024.

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