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?
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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.
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.
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