turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I'm told my employer may have withheld too much social security tax and I'm being asked to get a corrected W-2. My employer says otherwise. Can I file as is?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

I'm told my employer may have withheld too much social security tax and I'm being asked to get a corrected W-2. My employer says otherwise. Can I file as is?

Check boxes 3 & 4 on your W2. Box 4 should be 6.2% of box 3 up to a max of $7,960.80.  So take the amount in box 3 and multiply it by .062. If box 4 is more than that you need to get a corrected W2 from your employer.  But also go back and double check your W2 entries, you may have entered box 3 & 4 wrong.  A lot of people who have asked this found they did enter an amount wrong.

A sure way to fix this is to delete the W2 and re-enter it.  That may clear something out.

I'm told my employer may have withheld too much social security tax and I'm being asked to get a corrected W-2. My employer says otherwise. Can I file as is?

Box 4 should be 0.062 (6.2%) of box 3, and not more than $7,960.80.

However, Turbotax may round up instead of rounding down.  If box 4 says $7,960.80, that may come across as $7961 and cause an error.  Or, another customer recently had a more modest income with about $2700 in social security tax.  The number in box 4 was something like "2750.51" which Turbotax rounded up to "2751" which then triggered an error as being $1 over.

I think you can file without fixing the error, just ignore it?  If the program won't let you e-file, try taking the cents off the box 4 amount and see if that clears the error.  I doubt the IRS will care if your W-2 says $2750.51 and you enter 2750.00.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies