toddsumner1987
Returning Member

Retirement tax questions

It has to be a bug in the program.  The maximum earnings subject to the Social Security payroll tax is $137,700.  If you multiply by 6.2%, the maximum tax amount that can be withheld is $8537.40.   My W-2 has this exact amount and I am receiving the same message.   

 

TurboTax needs to get this corrected quickly.