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.
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 $$$$.50..... a value of $$$$.49 in box 4 gave me the warning, and $$$$.50 did not....and that's all a rounding issue.
_________________________________________________
Check out some answers/workarounds in this post:
Some folks are getting that if they also had a 1099-NEC form in addition to a W-2
IF not that...
could be a simple rounding difference in box 4. Try adding 50cents to box 4 on any W2 that has nearly 50cents on the final digits and see if the Warning/Notice (and that's all it is) still occurs.
IF it does, then that is what's going on...i.e. just a rounding difference between what your employer did, and what TTX did.
Then return box 4 to it's former # and ignore that notice/warning.
__________________________
I tested my desktop software.....and for my test, in a situation where the 6.2% was close to $$$$.50..... a value of $$$$.49 in box 4 gave me the warning, and $$$$.50 did not....and that's all a rounding issue.
_________________________________________________
My W-2 has wages of $5,521.86 and SS W/H $342.36. I changed it to 342.56 (so it rounds up) and the W-2c message went away. Turbotax needs to fix this so users don't get an invalid message.
Thanks for the help.
Interesting it has to move that far.
Question though....Did you report another W-2 also? It could be a combination of rounding on both forms that doesn't add up to whatever TTX "expects" .
Yeah....they need to allow more "slop" in the expected box 4 $$ total, like maybe ignore $5 under as being immaterial...
Interesting....I thought for a moment that could be something to do with box 7 tips, and a box 12 code A.
But
I tried putting in a W-2 with the exact same $$ you indicated.....same W-2 C problem. I have no idea why TTX is requiring such strange rounding.
Ignore the notice and move on...someone at TTX is gong to have to figure that one out.
I've got the same problem. W-2s have the exact amount withheld (6.2%). Don't have a 1099-NEC.
Still get the warning message...ugh...
@lucec Then ignore the Notice. IT doesn't affect your taxes, nor does it stop you from e-filing.
A Notice that was supposed to be helpful....just ended up being unhelpful
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.
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.
If you believe you received this message in error, you can continue to file your tax return.
We expect this issue to be resolved by 2/26/2021.
If you’d like to receive progress status updates, please sign up here.
@DonnaRaby wrote:
Need my w2
Contact your employer for a copy of your W-2