SamS1
Expert Alumni

Retirement tax questions

Check your W2 entries and particularly boxes 3 and 4. The amount in box 4 should be 6.2% of box 3.  If it is not, TurboTax is thinking your employer might have deferred a portion of the employee share of Social Security as allowed by an Executive order late in 2020.  If this amount is correct, then continue through the error.  The other option would be to delete the W2 then re-enter and see if you still get the error message.

 

The pandemic has affected your taxes in many ways. Including reporting in TurboTax the amount of stimulus money you received. Click Here for more information on how the Pandemic affected your 2020  taxes.