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I made $98,037 (total wages) combined with my wife in 2007. Each one of us had two employees. I paid $3,958 social security tax and my wife paid $2,403 (combined of $6,361 - which is larger than 2007 maximum limit of $6,045). I received a letter from IRS disallowing the excess Social security tax withheld, which I had on line 67 on my 1040 (for 2007 returns). Should I fight or are they right? According to their letter it says that each one of us must have $6,045.

Submitted: 31 days and 17 hours ago.

Category: Tax

Value: $25

Status: CLOSED

State/Country relating to question: California

Accepted Answer

Hi XXXXXXX

Thank you for using justanswer.In this case the IRS is correct. The social security tax limit for excess withholding is figured separately for each tax payer. Please see below:

Joint returns.

Publication 505 (03/2009), Tax Withholding and Estimated Tax

I hope this helps.

Accepts:
Expert:	Anne
Pos. Feedback:	100.0 %
Answered:	10/20/2009

Master Tax Preparer

Enrolled Agent with 20 Years Experience specializing Individual and Small Businesses

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State/Country relating to question: California

Accepted Answer

Hi XXXXXXX

Thank you for using justanswer.In this case the IRS is correct. The social security tax limit for excess withholding is figured separately for each tax payer. Please see below:

Joint returns.

Publication 505 (03/2009), Tax Withholding and Estimated Tax

I hope this helps.

Tax

Have your own Tax question?

Related Tax Topics:

Question

Optional Information

State/Country relating to question: California

Accepted Answer

Hi XXXXXXXThank you for using justanswer.In this case the IRS is correct. The social security tax limit for excess withholding is figured separately for each tax payer. Please see below:Joint returns.Publication 505 (03/2009), Tax Withholding and Estimated Tax I hope this helps.

Related Tax Questions

Hi XXXXXXX

Thank you for using justanswer.In this case the IRS is correct. The social security tax limit for excess withholding is figured separately for each tax payer. Please see below:

Joint returns.

Publication 505 (03/2009), Tax Withholding and Estimated Tax

I hope this helps.