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Golfer64
New Member

Corrected W2 Message

In the federal review section I get a message stating "Heads up you have a W-2c coming" and it further says it's due to deferring some of my social security taxes last year. I didn't defer any SS taxes and the amounts in boxes 4 &6 of the W2 reflect the correct 6.2% and 1.45% withholding amounts. Why am I getting this message?

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2 Replies

Corrected W2 Message

Some folks are getting that if they also had a 1099-NEC form in addition to a W-2

 

IF not that...

could be a simple rounding difference in box 4.  Try adding 50cents to box 4 on any W2 that has nearly 50cents on the final digits and see if the  Warning/Notice (and that's all it is) still occurs.

 

IF it does, then that is what's going on...i.e. just a rounding difference between what your employer did, and what TTX did.

 

Then return box 4 to it's former # and ignore that notice/warning. 

 

__________________________

I tested my desktop software.....and for my test, in a situation where the 6.2% was close to $$$$.50..... a value of $$$$.49  in box 4 gave me the warning, and $$$$.50 did not....and that's all a rounding issue.

_________________________________________________

 

Deferred_SS.png

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
Golfer64
New Member

Corrected W2 Message

Rounding was the issue. Thanks for the reply!

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