Social Sec/Medicare Tax

syed · Post by **syed** » Mon Mar 19, 2007 12:04 pm

Hi,
1) Where in 1040 do we write the Social Security and Medicate Taxes as taxes paid?

Carson · Post by **Carson** » Mon Mar 19, 2007 1:57 pm

They are not taxes paid. Any overpayment of SS can be claimed back on line 67 I believe.

SS and Medicare can be claimed as US taxes paid for foreign tax credit purposes on a Canadian T1 where the income is taxable to a Canadian resident.

nelsona · Post by **nelsona** » Mon Mar 19, 2007 4:15 pm

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.

syed · Post by **syed** » Tue Mar 20, 2007 10:07 pm

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.

nelsona · Post by **nelsona** » Wed Mar 21, 2007 8:44 am

It is highly unlikely that with one employer, you would overpay Fica.