topic On the screen that asks to double-check Social Security tax on w2, it lists the wrong amount. When I go to change it the amount is correct. Anyone know what I should do? in Retirement tax questions

On the screen that asks to double-check Social Security tax on w2, it lists the wrong amount. When I go to change it the amount is correct. Anyone know what I should do?

dan109 — Fri, 12 Mar 2021 05:29:34 GMT

This is the screen that reads "Congrats! Looks like you're getting some cash back."

Re: On the screen that asks to double-check Social Security tax on w2, it lists the wrong amount....

MichelleLO — Mon, 15 Mar 2021 22:34:35 GMT

When you edited the amount were you on the review section of the program or the income section?

Re: On the screen that asks to double-check Social Security tax on w2, it lists the wrong amount. When I go to change it the amount is correct. Anyone know what I should do?

VolvoGirl — Mon, 15 Mar 2021 22:37:15 GMT

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.