Overpaid Employer FICA Tax Question

Nope, none. Each employer is required to withhold employment taxes as if you only worked for them (i.e. ignore any other employer's deductions).

Right, except for the amount due to Medicare tax.

Not going to happen. Why should it? You worked for them and received a wage, right? They owe the FICA tax, regardless of your total income and tax paid.

This usually only occurs in a year in which you have two or more employers and make over (currently) $98,000. Try not to change employers so often.

The only party with overpaid FICA is the employee who is allowed by IRC §6413(c) to claim the overpayment as a refundable credit against his tax. Since there is no corresponding code provision for the employer, there is no overpaid FICA with respect to the employer in this situation. Frederick Lorca

No, only employees can be refunded overpaid FICA on their half.

No, because neither employer overpaid.

The FICA the employer remits is really two different taxes: one on the employee, which is withheld from wages, and one on the employer. The employer pays FICA until that employer reaches the wage limit for the year. There are some provisions regarding predecessor/successor relationships between the employers in which the employee's YTD earnings carry over, but for the everyday employment switch, each employer pays based on its wages.

-- Phil Marti Clarksburg, MD

Neither.

Don't hire people who worked or will work anywhere else during the year. ;) Phoebe :)

No, it is one of the benefits of being an employer. To avoid it, take a cut in pay or work for only one employer.

Each employer has to withhold FICA. There are no known exceptions to this (the govt's gotta balance the budget somehow)

The employee gets the excess FICA from 2 or more jobs, if any on their 1040. ___________________________________

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