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dmatking
New Member

Should railroad retirment taxes count as income taxes withheld?

It doesn't seem like the amounts of taxes withheld in Box 14 are being counted as taxes I've paid. Should they?
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5 Replies

Should railroad retirment taxes count as income taxes withheld?

Yes the tax withholding should go to 1040 line 25b.  Isn't it there?  

 

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Should railroad retirment taxes count as income taxes withheld?

Oh, I'm sorry, getting tired.  The federal withholding in box 2 goes to 1040 line 25b.  The state withholding in box 14 goes on your state return.  

Should railroad retirment taxes count as income taxes withheld?

I looked up Railroad 1099R.  Let's start over.  Did you get a RRB-1099-R  or a RRB-1099 (no R at the end)?  

Neither one of them has a box 14.   The Retirement RRB-1099-R only goes up to line 9.  

dmatking
New Member

Should railroad retirment taxes count as income taxes withheld?

No, I'm pretty sure the RRB-1099-R is for disbursements from railroad retirement. I'm talking about on my W-2. So for example, using made-up numbers, box one has $50,000. Boxes 3-6 are all $0. The amounts normally in box 4 ss tax withheld, and box 6 medicare tax withheld are in box 14 as Tier1 Tax, $3000, Tier2 Tax $1000, Medicare tax $500.  Turbotax doesn't seem to recognize those as taxes that have been withheld so it's telling me I owe $4000 to the government. But I'm pretty sure that stuff in box 14 is supposed to be considered taxes paid to the government. Any ideas?

DanaB27
Employee Tax Expert

Should railroad retirment taxes count as income taxes withheld?

Only the federal taxes shown in box 2 of your W-2 will be carried to line 25a and count as federal taxes paid. The state taxes withheld in box  17 will be carried to your state return. The amounts in box 14 do not count as income taxes withheld.

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