You'll need to sign in or create an account to connect with an expert.
Are you sure you have not misplaced a decimal point somewhere? If you had 10 million dollars of income what are you doing using do-it-yourself tax software?
TurboTax does not permit the entry of amounts of $10M or more.
just split up the W-2 you received into two pieces as a work around... and the FICA is capped at about $120,000 times 6.2%; but yes, the medicare 1.45% never stops and of course there is the .9% ACA tax as well.
but as noted above, the workaround may be paying an accountant!........ and a tax accountant and an investment advisor and a financial planner and an insurance agent and an adoption lawyer (so we can figure out how to adopt me!) 😀
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
randys.artrip
New Member
mpsekhon
Level 2
marshalkingtax94
New Member
kvural
Level 1
Inna3
Returning Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.