Incorrect message about W-2c coming

Forum|Forum|5 years ago
February 18, 2021
14 replies
83 views

In the Federal Review, after the Feb 18 updates, I get a message "Heads up!. You have a W-2c coming" for deferred Social Security taxes. However, my social security was NOT deferred by my employer (I did the math and I had 6.2% properly withheld from my check). This message did not appear prior to the update.

Best answer by SteamTrain

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.

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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.

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SteamTrain

Level 15

Check out some answers/workarounds in this post:

https://ttlc.intuit.com/community/retirement/discussion/turbotax-you-have-a-w-2c-coming-since-you-deferred-some-of-your-social-security-taxes-last-year-both/01/1946357

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

SteamTrainAnswer

Level 15

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.

__________________________

_________________________________________________

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

saldirjAuthor

Level 3

My W-2 has wages of $5,521.86 and SS W/H $342.36. I changed it to 342.56 (so it rounds up) and the W-2c message went away. Turbotax needs to fix this so users don't get an invalid message.

Thanks for the help.

SteamTrain

Level 15

@saldirj

Interesting it has to move that far.

Question though....Did you report another W-2 also? It could be a combination of rounding on both forms that doesn't add up to whatever TTX "expects" .

Yeah....they need to allow more "slop" in the expected box 4 $$ total, like maybe ignore $5 under as being immaterial...

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

Jurdz2114

Level 2

I have checked the amount taken out from my W2 form and the amount paid is 6.2 percent of amount from my income: $1039.50 income $64.45 social security tax paid.

rprezeau

Level 2

I get the same message. I have checked and my social security tax withheld and it's exactly 6.2% which is correct. I do have a 1099-NEC so there's definitely a glitch in the software. Someone needs to fix this.