Hello, I have received a W-2 for the premiums on a $120,000 (over $50,000) group life insurance benefit from my former employer (I'm now retired), for $600. I know that I am responsible for paying the social security and medicare taxes on the $600 (not deducted on W-2), but do not know how to go about doing so. Can you please tell me how I can pay the social security and medicare taxes owed on this amount, using TurboTax?
Thank you!
