Well it just so happened that the maximum premium amounts for NJ UI\WF\SWF is $169.15, the D.I. is $212.66, and FLI is $212.66.
You used some of the numbers like $169 + $212= $381. You assumed this was the breakdown of my deduction.
I got deducted the amount of $381 since I only worked for them for 7 months, all of my other co-worker was deducted $ 454 for NJ UI\WF\SWF , how do explain that?
I asked my co-workers and they say when they did their returns thru TT they have the same issue, TT is asking not put amount more the $170 on box 14 for IU\WF\SWF.
My basic question was, WHY TURBOTAX DOES NOT ALLOW US TO PUT THE EXACT AMOUNT THAT SHOWS IN OUR W2, for BOX 14. IT ONLY ACCEPTS THE MAXIMUM OF $169.15 and that stands for the NJ maximum threshold for UI\WF\SWF (see attached).._ I
If only TT software or the program allows it, I should have gotten all my excess deductions back.
I have seen a TT TAX EXPERT responded to other TT user with same issue here; and recommended to put in the maximum amount allowed ($169.15) and recover the excess from employer. NOTE (only if you have one employer). But with two employers like me, I need to fill out NJ2450 form, and since TT only accepts the amount of $169 for box 14 and not $381, I have less refund of $212.
You also mentioned I should have changed the classification of the UI/WF/SWF to "OTHERS". When I tried that, my TAX DUE INCREASED. Your recommendation is in conflict, with one TT representative that I spoke with, she told me never to change anything and put exactly what amounts the W2 states.
It's either a TT SOFTWARE ISSUE or IT'S an NJ TAX RULE that is being followed by the software, none of the TT representatives can explain it why before submitting the return, it prompts the user to change the entry. If you ignore it the system won't continue.
Hope you TT will take an in-depth look on these issues, not just making up some answers.
2022 Employee’s Claim for Credit For Excess UI/WF/SWF, Disability Insurance, and/or Family Leave Ins...
NJ Division of Taxation - NJ Income Tax - Other Credits (UI/DI/FLI) (state.nj.us)
