Submitted by ChickenCheeks7 t3_10nob2k in LifeProTips
littlemsshiny t1_j6aox9g wrote
One big change that hasn’t been addressed is that you had 2 jobs in 2021 and 1 job in 2022.
Every employer has to take out money for Social Security until you hit a certain maximum. When you switch jobs, the new employer deducts money for Social Security as if you’re starting at $0. It’s possible you overpaid on Social Security in 2021 and were refunded the amount you paid over the maximum. Now that you only have one job, you’re not overpaying Social Security.
https://turbotax.intuit.com/tax-tips/jobs-and-career/changing-jobs/L5ElUIrh6
ChickenCheeks7 OP t1_j6apnpa wrote
So I had a better year then?
Viewing a single comment thread. View all comments