Here’s a tax tip that might come into play for two-job holders. Make sure you didn’t overpay Social Security.

The max Social Security that could be withheld from your pay last year was $5,840.40.

If your total withheld was greater than that, you can claim the difference as a tax credit on Form 1040, line 67, or on Form 1040A, line 43.

Don’t quit your day job, but also make sure it and your moonlighting aren’t costing you more they should. — BEN POPKEN

Two Jobs? Don’t Overpay Social Security [WSJ]
(Photo: bryankennedy)

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