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Level 1
posted Feb 8, 2025 7:06:28 PM

Can I round to the nearest dollar when entering W2 earnings?

The values I entered from a W2  box 1 is for example: 1524.88

The software rounds that up to the next dollar: 1525.00

But this income is Excluded due to a Medicare Waiver.

I've selected that, but it doesn't pass the the review.

It's looking for a value that is not greater than the original value.

It's seems to be using the Rounded value of 1525 which is larger than the original value of 1524.88

If I enter 1524, then it passes.

If I enter the W2 Box 1 values as 1525 instead of 1524.88 and select it as Excluded, then the software accepts it, and everything passes. 

I want to be accurate.  Suggestions?????

 

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1 Replies
Expert Alumni
Feb 8, 2025 8:20:18 PM

Yes, it is fine to round to the dollar these entries in TurboTax. In this case, I suggest using the 1525 as that seems to pass any error checks and it conforms with IRS rounding standards.