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Retirement tax questions
On your W-2 reduce the amount of Medicate taxes withheld by $0.01 cent and that should correct the error. Medicare taxes are 1.45% of the amount in box 5.
For the Social Security taxes they cannot be more than 6.2% of the amount in box 3. So reduce the amount in box 4 by 1 or 2 cents as necessary.
March 14, 2020
7:31 AM