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Tax: UK/US/UAE/KSA/EU · US Federal Income Tax · Card 020/023 easy

For the 2025 U.S. federal tax year, a taxpayer worked for two unrelated employers during the year, and the total Social Security tax withheld across both W-2s exceeds the annual maximum ($10,918.20 for 2025). How does the taxpayer recover the excess withholding?

  1. The taxpayer claims the excess as a refundable credit on Schedule 3 of Form 1040, since it resulted from having multiple employers each independently withholding up to the wage base
  2. The taxpayer must contact whichever employer withheld the larger amount and request a corrected W-2 before filing
  3. The excess is automatically forfeited because Social Security tax withholding is not recoverable once withheld, regardless of the number of employers
  4. The taxpayer must file Form 843 with the IRS to request a refund of the over-withheld Social Security tax
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