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Level 2
February 19, 2024
Question

Excess Social Security Withheld

  • February 19, 2024
  • 1 reply
  • 4 views

Social Security wages were $69869.62 and $4331.97 was withheld. Turbo Tax says I overpaid by $0.05. 6.2% would be $4331.92. I contacted my employer and they said it's a rounding issue, but it doesn't seem like it is. My question is do I really need to go back and forth with them for a corrected W-2 over $0.05?

    1 reply

    DoninGA
    Level 15
    Level 15
    February 19, 2024

    No, you do not have to go back to your employer for this.  Just reduce the amount of Social Security taxes paid by $0.05 on the W-2 that you entered.

    Level 2
    February 19, 2024

    That's what I was thinking of doing I just wasn't sure if it was ok to put a number other than what's on my W-2.