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Please review the W-2 entries in box 3-7 . Are they blank? and what do you have in Box 14?
I'm experiencing this same issue with my W2 for my local rail union. I'm a salary employee. Box 1 and two are filled. Box 3-7 are left blank.
Click this link for info on How to Enter Form RRB-1099.
It’s my W2 for the wages I received, not benefits I was paid.
A "Railroad W2" is a standard IRS Form W-2 issued to an employee covered by the Railroad Retirement Act (RRTA). You will see the following differences from the usual W-2:
On the W2 screen, enter only Tier I and Tier II withholding in box 14 Other.
Correct. For some reason, TurboTax is telling me that my employer owes me a refund for withholding too much Tier1, even though 6.2% was withheld. I’m not sure if it’s a glitch i the system but I can’t finish my taxes until it’s resolved.
In TurboTax, Enter your Railroad Retirement Tier 1 amounts in box 14 of the W-2. Do not enter it box 4 for Social Security withholdings. In box 14, enter the description, amount, and select the category drop down then scroll to Railroad Retirement Tier 1. Additionally, you will need to enter in box 14 the Railroad Retirement compensation amount from box 1 of the W2 so the overpayment is not reported. Select "Railroad Retirement Compensation" from the box 14 category.
Click here for more information on entering Railroad Retirement information in TurboTax
We don't have specific information on the income qualifications or procedures for the third stimulus payment because the measure hasn't been passed yet. However, If you had issues receiving your earlier stimulus, then the best way to ensure that you are one of the first to receive any future stimulus payments is to file your 2020 tax return as early as possible and use direct deposit so that the IRS will have your updated information.
You can find the most up to date information from the IRS here, and updates from TurboTax here as they develop.
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