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Business & farm
VolvoGirl - thank you!
Yes am married and filed joint. We both had W2's, working for different employers, and we each only had one employer during 2018.
Yes, it appears that both amounts for SS taxes were combined. Each of our employers withheld less than 7,960.80. However, combined amount exceed $7,960.80 creating a phantom credit and now the IRS wants the money. Looks like I owe more . . . . .
Box 12 was not checked Code A.
So why did Turbo Tax generate this credit?
‎June 21, 2019
8:27 PM