My federal income tax does not match my W2 federal tax withheld by about $500 and I have no other withholdings.

Forum|Forum|6 years ago
February 5, 2020
3 replies
9 views

The info on the W2 that is entered is correct but it doesn't match what's shown in the end

TurboTax Premier Online

SteamTrain

Level 15

As long as you didn't have any other withholding on other tax forms, it should match the total of all box 2's from each employer's W-2. (box 4 and 6 are NOT included)

So...EDIT each W-2 in the software and make sure the numbers entered are correct.

IF they still don't match what you think they should indicate, you are going to have to de3scribe "exactly" which line on your form 1040 you are looking at, or "exactly" what summary page you are reviewing, and exactly how the line is labellled for what you are looking at.

____________________________

Depending on what page you are looking at, the number can be higher than from just your W-2 forms.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

asklarAuthor

Level 2

Thanks for replying @SteamTrain . I only have one W-2 so you'd think this should be easy 🙂

The amount in my W2 box 2 does not match the value that is seen on TurboTax when I look at the amount in Federal -> Deductions & Credits -> Income Taxes paid. The amount in the Income Taxes paid is $503.50 higher than the amount in my W2 box 2. I've already looked through all my forms and even went to Tax Home -> Clear everything and restart, and re-entered all my information. Help?

SteamTrain

Level 15

@asklar

Where exactly are you looking , where the number shows that it is $500 higher?

On the actual 1040 tax form itself (line 17), or on some other summary or menu page?

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

JFRAHER

Level 7

Is this greater number showing on your federal return? If not then that total number also includes your total withheld for state taxes.

schwartzels

Level 2

Also check your tax return to see if it includes Form 8959 with an amount on line 24 that is treated as income tax withholding.

The difference came from this page called Form 8959 that you can see when you print out or view your return. It comes from the amount that was withheld on Medicare taxes that they credit part of it to your tax payments. Don't understand it since ALL wages are subject to Medicare taxes, but at least now I can see where the extra credit in tax payments is coming from!