Does Social Security withholding on a paycheck count as federal tax when you're doing your refund?

Question

I've only filed one federal return before, and this is my first time as a full -year out of college person. I am a little confused about whether I count Soc. Sec that has been withheld from my paycheck, and/or Medicare in the federal tax amount. I'd appreciate any help/advice you could give!

Answer 1

No, it's a different tax. You only get credit for what is labled as Federal income tax . They all show in difffernt boxed on your w-2 you will get in January

Answer 2

No, the amount withheld for social security and medicare is separate from federal withholding and doesn't add in for your income tax.

The only time the social security would show on your tax return is if you had multiple jobs and made over the social security limit which is something like $97K, so you had too much taken out - then you'd show it and get the extra back. This doesn't happen a lot, and isn't likely to apply to someone just out of college.

Answer 3

Usually no- FICA deductions count as withholding only when too much has been withheld. This applies when you are over the limit at one job (approx $5,600 ss withholding) , but then have a W-2 from another that also withholds. Since ss is I think 6.2%, you would need to make over $90,000 on at least one W-2 and have other employment for this to apply.

Answer 4

Social Security Disability Guide - http://DisabilityHelp.siopu.com/?ZLh