Credit for Excess Social Security Tax Withheld
GPTKB entity
Statements (34)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:tax_law
|
| gptkbp:appliesTo |
gptkb:Form_1040
gptkb:Form_1040-NR gptkb:Form_1040-SR employees U.S. taxpayers |
| gptkbp:citation |
gptkb:IRS_Publication_505
gptkb:IRS_website IRS Instructions for Form 1040 |
| gptkbp:eligibility |
only one employer
self-employed only |
| gptkbp:eligibilityCondition |
total Social Security tax withheld exceeds annual limit
multiple employers |
| gptkbp:fiscalYear |
2021
2022 2023 |
| gptkbp:howToClaim |
report excess on Form 1040, line 11
report excess on Form 1040-NR, line 25 report excess on Form 1040-SR, line 11 |
| https://www.w3.org/2000/01/rdf-schema#label |
Credit for Excess Social Security Tax Withheld
|
| gptkbp:maximumLoanAmount |
$8,853.60 for 2022
$9,114.00 for 2021 $9,932.40 for 2023 |
| gptkbp:purpose |
refund excess Social Security tax withheld
|
| gptkbp:regulates |
gptkb:Internal_Revenue_Service
gptkb:IRS |
| gptkbp:relatedTo |
gptkb:Social_Security_tax
gptkb:FICA Social Security wage base W-2 form employer payroll withholding |
| gptkbp:taxStatus |
6.2%
|
| gptkbp:bfsParent |
gptkb:United_States_federal_income_tax
|
| gptkbp:bfsLayer |
7
|