topic Error on my W-2 in Get your taxes done using TurboTax

Error on my W-2

drbob77 — Wed, 27 Jan 2021 04:16:25 GMT

I have $0.62 excess Social Security taxes withheld on my W-2. Can I correct this error myself? Or do I have to actually get a W-2c?

Re: Error on my W-2

VolvoGirl — Wed, 27 Jan 2021 04:22:22 GMT

Can you round the amount down or just leave off the cents? How much is in box 3? If it's that close just enter the max in box 4 $8,537.

Re: Error on my W-2

drbob77 — Wed, 27 Jan 2021 04:27:10 GMT

Box 3 says $755.15. By the 6.2% it says it should be $754.51. I didn't know if I could correct that myself and keep going.

Re: Error on my W-2

macuser_22 — Wed, 27 Jan 2021 04:31:04 GMT

@drbob77 wrote:

Box 3 says $755.15. By the 6.2% it says it should be $754.51. I didn't know if I could correct that myself and keep going.

Seems that it would be a non-error since the IRS requires rounding to the nearest dollar and both numbers round to $755.

Re: Error on my W-2

drbob77 — Wed, 27 Jan 2021 04:32:24 GMT

I don't know that is what TurboTax said.

Re: Error on my W-2

drbob77 — Wed, 27 Jan 2021 04:34:44 GMT

I meant Box 3 said $12,169.50. Box 4 says $755.15.

Re: Error on my W-2

macuser_22 — Wed, 27 Jan 2021 04:44:14 GMT

Then box 4 on your W-2 is incorrect. Ask your employer for a corrected W-2. However, it will make no difference on your tax return whatsoever, unless you had other employers and the total SS tax exceeded the maximum.