For box #4 on W-2 turbo tax said over taxed. employer said its the turbotax program and they keep getting calls over this. Help???

[DianeC958]

The maximum amount that should be in Box 4 of your W-2 is $8,239.80 with wages of $132,900.  When using this information you should not receive an error in the program.

If your wages are less than $132,900 the amount in Box 4 of your W-2 should be the amount in Box 3 multiplied by 6.2%.  If the amount in Box 4 is greater than 6.2% of box 3 then yes the Social Security tax was over withheld.

[24544]

What if the amount is accurate in box 4 based on SS wages?  Is there some sort of bug in the program if an employee earned over the max and only had the maximum withholding for SS?

[JamesG1]

In TurboTax Online Free Edition, I prepared a tax return with one w-2 and $150,000 in boxes 1,3 and 5. 

Box 4 reported the maximum Social Security tax of $8,537.

The tax return passed Review with no error message.

What error message are your receiving?

[VolvoGirl]

First of all try leaving the cents off of box 4.

Check boxes 3 & 4 on your W2. Box 4 should be 6.2% of box 3 up to a max of $8,537.40. So take the amount in box 3 and multiply it by .062. If box 4 is more than that you need to get a corrected W2 from your employer. But also go back and double check your W2 entries, you may have entered box 3 & 4 wrong. A lot of people who have asked this found they did enter an amount wrong.

Or check W2 box 12. You may have entered Code A by mistake.

A sure way to fix this is to delete the W2 and re-enter it. That may clear something out.

Or post back with the amounts in boxes 3&4.

[24544]

After importing the W2 from ADP the message is that I will be receiving a W2-C. Any idea why a W2-C would be issued?  Nothing was deferred on the employee level. The second error message is that a refund is due and that the SS tax is overpaid.  The amount withheld was $8,537.40 which is the maximum.

[WendyN2]

Yes, this is a Corrected W2 that you will be receiving from ADP, if in fact that is where/who the message came from. If this is the case, wait for the W2-C and compare to see what the error/correction was. Then you should be fine when entering it into TurboTax.