Yes, you can determine what TurboTax is pulling in for total withholding and compare it to your W-2. Here’s how:
- Review Your Tax Summary:
- Sign in to your TurboTax account and select "Take me to my return."
- On the left, select "Tax Tools" > "Tools."
- In the Tools Center, select "View Tax Summary."
- Look for "Total payments" to see the total withholding.
- While in the Tax Summary section, you can also select "Preview my 1040" on the left.
- Check line 25a for federal income tax withheld
Compare with Your W-2:
- Ensure that the amounts in Box 2 of your W-2 match the federal withholding shown in TurboTax.
- If there’s a discrepancy, double-check that all W-2s and any other forms with withholding (like 1099-R) have been entered correctly by following steps below:
Here are the steps to edit your and check W-2 entries in TurboTax:
- Open your return: Sign in to your TurboTax account and select "Take me to my return."
- Search for W-2: Use the search bar at the top and type "W-2." Select the "Jump to W-2" link that appears.
- Edit your W-2 information: On the "Your W-2 Summary" screen, find the W-2 you want to edit. Select "Edit" next to the W-2 entry and make the necessary changes to your W-2 information.
- Save and continue: After editing, save your changes and continue with your return.
Common Reasons for Discrepancies
- Multiple W-2s: If you have multiple W-2s, ensure all are entered correctly.
- Additional Withholding: Check if you have any additional withholding from other forms like 1099-R for retirement distributions
- Manual Entry Errors: Sometimes re-entering the W-2 information can resolve discrepancies
Original Post