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Level 2
December 26, 2023
Question

2023 Social Security tax calculation is wrong

  • December 26, 2023
  • 18 replies
  • 91 views

The 2023 version of TTAX still thinks it is 2022 when it comes to calculating how much FICA you should pay. Interestingly, if you click on the "withheld too much" link, the Help box has it correct (the 2023 max is $9,932.40). But the program was not updated.

 

Simple fix, surprised that no one has discovered this bug yet.

 

 

    18 replies

    Level 15
    December 26, 2023

    Have you updated your software?

     

    After doing a quick test, my test return shows the Amount we calculated as $9.932.00.

    bitjockeyAuthor
    Level 2
    December 26, 2023

    Hello....yes, I ran updates today (12/26/23), it says "Your software is up to date".

     

    Are you using Premier on Windows? My release shows as 023.000.0356; TurboTax.exe is 2023.47.11.26.

    Level 15
    December 26, 2023

    I'm not sure it makes a difference, but I have Home & Business. 

     

    Perhaps another Champ or user will respond.