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Jan 6, 2025 9:20 PM UTC
Question

Excess Social Security deducted 2024

How do I handle doing a refund of excess social security when it was for a prior period (2024)?

 

If I give the 2 employees a refund in the current month (Jan. 2025), how do I handle the adjustment for 2024, as far as the w2's and the taxes already deposited for the prior amounts withheld?

1 reply

FishingForAnswers
Jan 8, 2025 6:04 PM UTC

Bumping this; I am also interested in the answer, if only for curiosity's sake.