I am getting a credit on schedule 5 social security excess in the amount that my wife paid in on her W-2. is that correct?

Forum|Forum|7 years ago
June 1, 2019
1 reply
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I capped out on the Social Security pay in of $7960.80 and when I was filing my taxes I am getting a credit of excess SS on Schedule 5 in the amount of 5752.00 which is exactly what my wife paid in on her W-2 from her employer. Is this Schedule 5 credit correct?

TurboTax Deluxe Windows

Best answer by xmasbaby0

No. That means you have all of the income listed under only your name, and did not assign your spouse's W-2 to her name. Go back to the W-2 section and change the way you entered her W-2.

xmasbaby0

Answer

Level 15

No. That means you have all of the income listed under only your name, and did not assign your spouse's W-2 to her name. Go back to the W-2 section and change the way you entered her W-2.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**