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Do I insert my OASDI on my tax return?

Customer Question
Do I claim my Federal/OASDI...

Do I claim my Federal/OASDI EE taxes towards my refund or my Med/EE?

Submitted: 8 years ago.Category: Tax
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Answered in 5 minutes by:
12/31/2008
Tax Professional: Bill, Enrolled Agent replied 8 years ago
Bill
Bill, Enrolled Agent
Category: Tax
Satisfied Customers: 3,153
Experience: EA, CEBS - 35 years experience providing financial advice
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The OASDI and Medicare taxes that were deducted from your pay are for Social Security and Medicare taxes and are not included in the amount of Federal income taxes that you paid when determining the amount of your Federal income tax refund.

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Customer reply replied 8 years ago

So in my tax section, only the section titled Fed withholding is what I am entitled to for a refund?

Tax Professional: Bill, Enrolled Agent replied 8 years ago

Yes, that is correct. The amount that was withheld for federal income taxes will be entered on line 62 of Form 1040 (if that is the form you are filing) to determine the amount of your refund or taxes due.

http://www.irs.gov/pub/irs-pdf/f1040.pdf

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Bill, Enrolled Agent
Category: Tax
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