Dr. Deth, we are talking about the situation when I had more than one employer. Hope you got me.?

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Dr. Deth, we are talking about the situation when I had more than one employer. Hope you got me.?

2007-10-19 09:39:54 · 2 answers · asked by tax_queries 1 in Business & Finance ➔ Taxes ➔ United States

2 answers

While the employee gets a credit for overpaid social security (due to having multiple jobs) on his or her return, the employer does not.

2007-10-19 09:48:53 · answer #1 · answered by Wayne Z 7 · 0⤊ 0⤋

You'll get your excess for the year back - you claim it on your tax return. Neither employer gets some of their match back - which one would they give it to? Neither one paid over the limit for the year for you.

2007-10-19 09:47:38 · answer #2 · answered by Judy 7 · 1⤊ 0⤋