Hello. I wanted to verify the railroad tier 1 tax withholding on my W2. TurboTax's Help section stated that I multiply Box 3 with 0.062 (6.2%) however, my Box 3 is empty.

pabadear · ‎February 7, 2023

I read on another thread that this should be calculated using Box 1 which to me makes more sense. Can anyone please confirm?

Critter-3 · ‎February 7, 2023

On a RR W-2 form boxes 3 & 4 should be empty and that is correct ... do not try to enter any figures at all ... if the program requires a figure simply use a zero. The RR handles the SS/pension differently than the non RR world.

SteamTrain · ‎February 7, 2023

Box 1 might be correct, but might well be wrong because of some other pretax contributions that might occur that reduce the box 1 amount.

Box 14 should also contain an entry for your RR Retirement "Compensation"....it is that $$ amount you multiply by 0.062 to see if RR Tier1 taxes are correct. (Also, and entry in box 14 in another line)

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Hello. I wanted to verify the railroad tier 1 tax withholding on my W2. TurboTax's Help section stated that I multiply Box 3 with 0.062 (6.2%) however, my Box 3 is empty.