My federal income tax withholding is way high. How can I change it?

rst1111 · ‎June 6, 2019

For some strange reason, it says my federal income tax withholding is 272,000 dollars. I can not find a way to correct it.

SteamTrain · ‎June 6, 2019

navigate back to the Federal Wages& Income page

You edit every W-2 form you entered...and look at box 2

entering 2720.00 as 2720comma00 turns into 272,000 as soon as you leave that box if you don't notice you hit the wrong key. (or missed hitting the decimal point altogether)

IF you have a 1099-R with Federal withholding, that could be it to...so go Edit those too

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

View solution in original post

SteamTrain · ‎June 6, 2019

navigate back to the Federal Wages& Income page

You edit every W-2 form you entered...and look at box 2

entering 2720.00 as 2720comma00 turns into 272,000 as soon as you leave that box if you don't notice you hit the wrong key. (or missed hitting the decimal point altogether)

IF you have a 1099-R with Federal withholding, that could be it to...so go Edit those too

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

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My federal income tax withholding is way high. How can I change it?