I have two W2 that resulted an overpayment of UI /WF/SWF tax ( box 14). TT generated a NJ2450 form, and it shows each employers deductions.
For 2022 NJ has a threshold for of $169.15 only.
Actual Deductions: After Turbo tax prompt to change the amount:(on NJ2450shows)
1st W2 - $381 1st W2 - $169 (amount allowed by Turbotax software)
2nd W2-$120 2nd W2 - $120 Total-----$ 501 Total --- $ 288 NJ limit- $169.00 (-) NJ limit - $ 169 (- )
Expected Refund $ 332 Partial Refund - $120
The above Illustrations shows I only a got partial refund . When TT was reviewing my returns before filing , it prompted that on my 1st W2 box 14 amount should not exceed $170. I could not continue if I don't change it to $169.15. I am not sure if the software is programmed only to accept $169.15 in each column. I did change it from $381 to $169.15, and I got a refund of $120.
On the NJ2450 form(see Attached) there's a note to enter maximum amount only which is only $169.15 each column. If only TT allowed me to enter the $381 I could have gotten the full refund.
Is this the rule that TT was programmed or following? Please Review these issue, Thanks!
https://www.state.nj.us/treasury/taxation/pdf/current/2450.pdf
