Investors & landlords

@VolvoGirl 

W2 #1: Box 1 - $57,832; Box 14 - $718 (SDI)

W2 #2: Box 1 - $87,298; Box 14 - $1103 (SDI)

Total: Wage (box 1) = $145,130; SDI (box 14) $1,821

 

I think the problem here is that California SDI withholdings are not actually based on pay that is reported in box 1 of W2, but Turbotax sets the threshold for calculation of excess SDI withheld based on box 1 in W2.

 

The relevant wages for the the calculation of SDI withholdings should be box 1 in W2 + 401K withholding - GTL (group term life benefit):  $145,130 + $20,503 - $86 = $165,547

1.1% of $165,547 = $1,821!!!