How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Merlo Your Own Question
Merlo, Accountant
Category: Tax
Satisfied Customers: 9783
Experience:  25+ years tax consulting. Specializing in returns for US citizens living abroad
Type Your Tax Question Here...
Merlo is online now
A new question is answered every 9 seconds

I have just started a new job and have already paid all of

Resolved Question:

I have just started a new job and have already paid all of my Social Security for the year through the deductions at my previous employer ($6621.60/year). Why are they now deducting the full amount again? Will I be able to get it back when I file federal taxes for 2009?
Submitted: 7 years ago.
Category: Tax
Expert:  Merlo replied 7 years ago.
Hello kage,

When you start working for a new employer, your year to date earnings will start over, and so your SS withholding will also start over with your first paycheck.

However, you will be refunded any SS taxes that you overpaid for the year when you file your tax return. On line 65 of Form 1040 you claim a direct credit for the amount over paid which will then reduce any tax you owe by that amount, or will add to any refund you have coming. If you use one of the automated software programs such as Turbo Tax, this calculation will automatically be made for you.

But what you can also do is change your total tax withholdings on your W-4 form (increase exemptions) in order to counteract this overpayment and reduce your future refund.

If this was helpful please press the Accept button. Positive feedback is also appreciated.

Thank you kage

Merlo and other Tax Specialists are ready to help you

Related Tax Questions