How about the 6.2% SSN tax matched by my employer after the MAX is reached. Will he get back his contribution

Answer 1

If you have more than one employer and earn more than the SS wage cap you get a refund of the excess when you file your return. Your employers however do NOT get a refund of the excess. For an employer the $97,500 cap is per employee per year.

If you earned $97,500 each from 2 employers, you would pay SS tax on $97,500 as would each employer. Collectively the employers would pay double the normal tax.

Answer 2

If any one employer withheld too much social security or RRTA tax, you cannot claim the excess as a credit against your income tax. Your employer should make an adjustment of the excess for you. If the employer does not make an adjustment, you can use Form 843 (PDF), Claim for Refund and Request for Abatement to claim a refund.

If you had more than one employer and your total wages were over the wage base limit for the year, too much social security tax or Tier 1 RRTA may have been withheld. The wage base limit for the year can be found in the Form 1040 Instructions. If you had more than one railroad employer, and your total compensation was over the maximum amount of wages subject to Tier 2 RRTA, too much Tier 2 railroad retirement (RRTA) tax may have been withheld. If you had too much social security tax or Tier 1 RRTA withheld, you may be able to claim the excess as a credit against your income tax.

Answer 3

it automatically stops (if the company's payroll software works right) at $97500 in soc sec wages (in 2007) for both employee and employer

Answer 4

No