Solved: 1040 line 54 does NOT agree with the sum of Box 2 on W-2 and Box 4 on 1099-R. There is no other Fed tax 'withheld' anywhere. Why do they not agree?
cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
New Member

1040 line 54 does NOT agree with the sum of Box 2 on W-2 and Box 4 on 1099-R. There is no other Fed tax 'withheld' anywhere. Why do they not agree?

TT is $144 higher.  No other taxes withheld but the W-2 and 1099-R.  Been using TT for years and this never happened.

1 Best answer

Accepted Solutions
Highlighted
Level 15

1040 line 54 does NOT agree with the sum of Box 2 on W-2 and Box 4 on 1099-R. There is no other Fed tax 'withheld' anywhere. Why do they not agree?

I assume that you mean Form 1040 line 64.

In addition to income tax withholding, line 64 will also include credit for Additional Medicare Tax withholding from Form 8959 line 24.

View solution in original post

2 Replies
Highlighted
Level 15

1040 line 54 does NOT agree with the sum of Box 2 on W-2 and Box 4 on 1099-R. There is no other Fed tax 'withheld' anywhere. Why do they not agree?

I assume that you mean Form 1040 line 64.

In addition to income tax withholding, line 64 will also include credit for Additional Medicare Tax withholding from Form 8959 line 24.

View solution in original post

Highlighted
New Member

1040 line 54 does NOT agree with the sum of Box 2 on W-2 and Box 4 on 1099-R. There is no other Fed tax 'withheld' anywhere. Why do they not agree?

Thanks!  You are spot on!
v
Privacy Settings