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Posted by Herb Smith on March 15, 2007, 1:28 am
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> Is there any way for an employer to recover the employer's
> portion of overpaid FICA when the employee worked for two
> different employers?
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).
> The situation is that for 2006, the $5840 employer's share
> was paid by Company A and $802 was paid by Company B. =A0$802
> was overpaid by the employers. =A0I understand that $802
> employee's share of overpaid FICA will be recovered by the
> employee when filing their 1040.
Right, except for the amount due to Medicare tax.
> How and which business can recover the employer's share that
> was overpaid?
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.
> If there is not any way to recover this amount, what can be
> done to avoid this situation in subsequent years?
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.
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