@ian232 wrote:
Hi Critter,
Thanks for the reply, and you were correct: I had mistakenly listed all of our income under my name. While that fixed the issue of the $5000 dependent care fund being added to our taxable income, it increased what we owe on our federal taxes by hundreds of dollars. Any idea what would cause that?
If your combined income was more than $137,700 and Turbotax was told it all belonged to one person, that person would be entitled to a refund of excess social security withholding, since the maximum social security wage base is $137,700 per person. If that income belongs to two people and neither is individually over the wage base, that refund would be removed.
