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Turbo Tax is saying my employer owes me money and is overstating the Box 4 Social Security Tax withheld. I went back and checked and it is correct but this edit is wrong

i entered $5,627.25 and verified this- accurate-- Turbo Tax is somehow saying $10,853.40
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2 Replies

Turbo Tax is saying my employer owes me money and is overstating the Box 4 Social Security Tax withheld. I went back and checked and it is correct but this edit is wrong

Did you import your W-2 and perhaps key it again yourself?  If not, delete the entire W-2 and type it in again.

Turbo Tax is saying my employer owes me money and is overstating the Box 4 Social Security Tax withheld. I went back and checked and it is correct but this edit is wrong

Delete the W2 and re enter it.  That usually clears it out.

 

Try leaving the cents off box 4.

Check boxes 3 & 4 on your W2. Box 4 should be 6.2% of box 3 up to a max of $8,537.40.   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.

 

Or check W2 box 12.  You may have entered Code A by mistake.

 

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

 

Or post back with the amounts in boxes 3&4.

 

 

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