After a generous hour meeting with a CPA gratis, we ran out of time, but I still had a few questions.
I have a full time job and have been doing some contracting work nights and weekends. Full-time gross is $120k USD. Until recently, my contracting work was 1099, grossing around $18k this year.
Since, they have farmed out their contractor payroll to a 3rd party. This 3rd party requires Social Security and Federal Withholdings when they direct deposit my checks.
Due to my FT position, it appears (SSA Link) that I exceed the maximum taxable earnings of $118,500 for SS withholdings. Because of this, a few related questions:
- Am/how I able to reclaim this on my next tax return?
- Is this something fairly straightforward for a CPA to deal with?
- Is there anything I can relay to the 3rd party to compel them to not withhold SS tax?