W-2's

Forum|Forum|6 years ago
February 4, 2020
2 replies
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I received a Railroad W-2 and the form has no Social Security taken out but in box 14 there is Tier 1 railroad and tier 2 railroad withdrawals. When I put this into the program its state that my employer took to much out and I need to get a new w-2. The box 14 tier 1 and 2 are railroad retirement which is separate from Social Security but the program will not let me go any further.

TurboTax Home & Biz Windows

DavidD66

Level 15

Social Security should not be withheld for Railroad employees. Railroad employees are not covered under Social Security. Boxes 3, 4, 5, 6, and 7 of Form W-2 apply for employees covered under the Federal Insurance Contributions Act (FICA) and should be blank for railroad employees.

Did you enter RR Tier 1 and Tier 2 in Box 14? If so, it should not cause any problems, as box 14 is informational only.

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MelLindaShawAuthor

Level 2

Thanks, everything you said is he way it happened but it still states employer must refund tier 1 and to get a new w-2 re-entered it three times and got the same message

DavidD66

Level 15

I would check with your employer to make sure that they did not withhold too much.

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KarenJ2

Level 13

After you choose the drop down for Tier 1 and Tier 2 RR withdrawals:

ADD another line 14 entry with the same amount as in Box 1 Wages. Select code - "Railroad Compensation." Code RR

You received the error message because the amount on Line 14 is greater than allowed, but entering the above information will allow your railroad income to be properly reported.

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