topic Turbotax calculation of S/S amount in Retirement tax questions

Turbotax calculation of S/S amount

bill0518 — Sat, 18 Jan 2025 13:30:38 GMT

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

Re: Turbotax calculation of S/S amount

DoninGA — Sat, 18 Jan 2025 13:37:58 GMT

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

Re: Turbotax calculation of S/S amount

bill0518 — Sat, 18 Jan 2025 15:45:22 GMT

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?

Re: Turbotax calculation of S/S amount

DoninGA — Sat, 18 Jan 2025 15:49:04 GMT

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