Originally Posted by Rachel
Thanks wnhough for your reply. I got the refund from my employer and theres nothing to claim from IRS. my worry was do i need to file 1040X to report this extra income which came to me as a refund of excess social securtiy withheld by my employer.
I got the refund of $734.00
I do notuderstand what you 're talkian'a bout ; yusaid,"you worked for company A in 2015 for half a year and then moved to company B in 2015.
Company A issued to you W2 in 2015 and withheld Social security tax $7347.00
Company B issued W2 to you and withheld Social security tax $8078.00 and then you contacted the employer and got the refund of $731.00. "
THEN as i said previously, you need to file form843 to get refund the difference between $8078 and $731. You need to add up the amounts from each of your Form W-2s for Social Security taxes withheld, and subtract $7347 from that amount. The remaining amount is what you overpaid and is the amount of the Social Security tax credit you receive. $8078-$731.you need to report the amt on Form 1040 line 71
ALSO, I said, no 1040X needs to be filed UNLESS you already filed your return.