- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
Hi, Dawn ... thank you chiming in so quickly 🙂
As I have mentioned, no Schedule 3 was produced by the application (I looked in the Q/A view as well as in the Forms view). Several FAQ replies do indicate that it would be reflected on Schedule 3.
Hence, either there is a bug that I'm falling into or data has been entered in a manner that does not 'trigger' the generation of the Schedule 3.
Further, when the exception is reported by TurboTax, the advisory is a bit malformed.
It reports 4 columns: "Box C - Employer", "Box 4 - Social Security Tax Withheld", "Correct Withholding Amount", and "Amount Your Employer Owes You"
Box C - Employer ... lists only the name of the 2nd employer
Box 4- Social Security Tax Withheld ... correctly lists the total of the SS tax paid between the 2 employers
Correct Withholding Amount ... correctly lists the max amount allowed $9114
Amount Your Employer Owes You ... correctly list the $ difference between what was paid and the max $9114