Hi,
1) Where in 1040 do we write the Social Security and Medicate Taxes as taxes paid?
Social Sec/Medicare Tax
Moderator: Mark T Serbinski CA CPA
Of course, Self-employment tax (which is SS/Medicare) are on the return, and signify the 'employer's half' of the FICA bill.
FICA taxes appear on your W-2 if an employee, and is one of the reasons CRA asks for W-2 along with 1040.
FICA taxes appear on your W-2 if an employee, and is one of the reasons CRA asks for W-2 along with 1040.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing
Thanks everyone trying to answer my question.
I would like to share the following information for the readers.
Line 67 is for excess SS tax withheld if you worked for more than one employer and the total wages of more than $94,200 (joint) if the amount withheld is over $5840.40. You can not claim the excess on line 67 if you worked for only one employer. In this case use Form 843 to claim a refund.
I would like to share the following information for the readers.
Line 67 is for excess SS tax withheld if you worked for more than one employer and the total wages of more than $94,200 (joint) if the amount withheld is over $5840.40. You can not claim the excess on line 67 if you worked for only one employer. In this case use Form 843 to claim a refund.
Syed R.