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whiterb1
New Member

Turbotax says I deferred some of my Social Security taxes last year. I paid the maximum SS tax last year ($8537.40 in Box 4 of W-2). How can this be true?

 
2 Replies
SteamTrain
Level 15

Turbotax says I deferred some of my Social Security taxes last year. I paid the maximum SS tax last year ($8537.40 in Box 4 of W-2). How can this be true?

As long as you did not have any Self-employment income for 2020?

 

ANNNd, you double check that your 8537.40 is actually in the software form, box #4?

 

Then you can ignore it entirely....It is a verified software error that created the "notice" that does not affect your tax filing at all.   Popped up after Wed night's software update....

 

*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
Tena04
New Member

Turbotax says I deferred some of my Social Security taxes last year. I paid the maximum SS tax last year ($8537.40 in Box 4 of W-2). How can this be true?

I just had the same thing happen to me and spent the last 3 hours researching and contacting our payroll department on a Saturday!  Wish I saw this first.  Thank you.

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