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New Member
posted Jan 18, 2025 5:30:38 AM

Turbotax calculation of S/S amount

Turbotax calculates S/S amount incorrectly in the online version. I cannot print form using the CORRECT AMUONT OF S/S TAX (.062 * 168600)

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3 Replies
Level 15
Jan 18, 2025 5:37:58 AM

What form are you trying to print?

The program is correct for tax year 2024 with the maximum Social Security wages at $168, 600 and SS taxes at $10543.20

New Member
Jan 18, 2025 7:45:22 AM

Your numbers are exactly what I paid, but when i use auto calculate, it gives a different answer$9,947.00. It will not allow me to print until i change that number, and the auto calculate is incorrect. Hmmm! How to proceed?

Level 15
Jan 18, 2025 7:49:04 AM

Are you trying to create a W-2 for an employee using Home & Business?

If so, make sure that you have the latest release of the software.  Click on Online at the top of the desktop program screen.  Click on Check for Updates

 

@VolvoGirl