topic Is something wrong with turbo tax social security tax with held calculation, because it keeps saying my w2 is wrong but it is not? in Get your taxes done using TurboTax

Is something wrong with turbo tax social security tax with held calculation, because it keeps saying my w2 is wrong but it is not?

glk — Sat, 08 Feb 2020 18:57:19 GMT

tt keeps saying ss tax with held is wrong

Re: Is something wrong with turbo tax social security tax with held calculation, because it keeps saying my w2 is wrong but it is not?

Anonymous — Sat, 08 Feb 2020 19:06:44 GMT

check your w-2 input. maximum social security wages $132,900 maximum social security taxes that should be withheld $8239.80 (6.2% of social security wages).

Re: Is something wrong with turbo tax social security tax with held calculation, because it keeps saying my w2 is wrong but it is not?

deweesecc — Sat, 15 Feb 2020 14:28:57 GMT

Wages $50,000, amount withheld for SS is $3,100. Turbotax says the correct amount is zero. Clearly wrong!

Re: Is something wrong with turbo tax social security tax with held calculation, because it keeps...

DMarkM1 — Sun, 16 Feb 2020 15:35:40 GMT

Try deleting the W2 in question and re-entering information. That number is not a calculated number, but an entry number.

Re: Is something wrong with turbo tax social security tax with held calculation, because it keeps...

thesauerones — Sun, 16 Feb 2020 18:14:28 GMT

I am having the same issue. I did try changing the info and it still says the max allowed is 0

Re: Is something wrong with turbo tax social security tax with held calculation, because it keeps...

JamesG1 — Sun, 16 Feb 2020 18:29:36 GMT

First, review numbers that were entered. Maximum earning subject to Social Security this year is $132.900 and the maximum tax is $8,240.

If an error persists, you may want to delete the W-2 and re-enter. To delete a W-2:

Click on Federal.
Click on Income & Expenses.
Under Your Income and expenses, click Edit/Add to the right of W-2.
Click the trashcan to the right of the W-2 to delete the entry.

Re: Is something wrong with turbo tax social security tax with held calculation, because it keeps...

thesauerones — Sun, 16 Feb 2020 19:27:23 GMT

I did reenter the information and double checked the information...Turbo Tax is still saying that 0 is the maximum that should be withheld (and looking on help this appears to be a common issue, not just my issue) It is now giving me wrong information on my state return and not recognizing the amount that I paid in (again I went and reentered the information). REALLY NOT IMPRESSED WITH TURBO TAX this year. I guess maybe next year I'll go with H&R block

Re: Is something wrong with turbo tax social security tax with held calculation, because it keeps...

markallisonmc — Mon, 09 Mar 2020 18:55:40 GMT

I'm having this issue too. Did you resolve this yourself?

Re: Is something wrong with turbo tax social security tax with held calculation, because it keeps...

thesauerones — Tue, 10 Mar 2020 01:51:57 GMT

Yep. Returned it and bought another product.