TurboTax saying a W-2c is on the way?

[mikehd]

*not fixed*

I just ran TT today @ 4:22pm PST and received this same error. My SS tax is maxed at the $8537.40 limit.

When I previously ran it, there was no error.

[bmagazu]

I tried the suggested fixes with negative results. 

It appears to be a bug in the software. 

[Higgy7]

I have had exactly the same thing happen, and I do not owe any additional money.  My box 4 is at 8537.40.  That is frustrating.

[tux]

Not resolved yet. I am getting the same error message on W2-S. I have tried adding $0.50. 

Also, Turbotax was not allowing me to claim AOTC saying my son was not going to college. I am glad I found a community help page and got the issue resolved. Had to go through some extra hoops which did not show up initially. Looks like another bug this year.

[deepsouth]

Fixed.

Delete forms 7202 - Covid "Self-employment tax deferral"

[maryhillpratt]

I got the same message and didn't have my SS tax-deferred either. Were you able to get a solution from Turbo Tax?

[PCO]

The expert I chatted with found no errors in my return and he pointed me to this community. Based on inputs it seems to be a rounding issue in TurboTax. The amount of the social security deduction should be 6.2%. When I calculated mine it came to 6.199%. A W2-c should not be coming and I went ahead and filed my return. I believe I read an entry earlier that said TurboTax corrected their software issue. So, I'm ignoring the alert I received.

[deepsouth]

It is not coming from W-2 "error". It is form 7202 that generates this message.

[SMPC]

Getting the same thing, which really blew my mind since I'm an owner of the company and certainly do not have a W-2c on the way.  Pretty sure I'd be aware if we were sending those out and we haven't participated in any deferment.  Glad to see it appears to be a software issue and not the conundrum I first feared.

[PCO]

That's the thing. I didn't need nor use Form 7202. I believe it's not a W2 error but a rounding problem with TT that reports the SS tax withheld as below 6.2% based on the W2 input.

[deepsouth]

you might be right. However, click on forms and check if 7202 was generated. If yes (with balance 0) then delete it and the message about W-2c will no longer appear 

[bill11566]

If Box 4 (Social Security Tax)  of your W-2 is $8,537.40, you've paid the maximum amount of Social Security Tax for 2020 and have not deferred any tax.  You won't be receiving a W-2c for 2020 (at least not for this issue).

[Piedmont]

I received the same prompt about W-2c.  Note: Max Wages subject to Social Security Tax Withheld for 2020 was $137,700 with Tax Rate = 6.2%. Quick Calc of Max Tax Withheld = $8,537.40.  My W-2 form block 4 reads $8,537.40. Therefore, there is a bug in the TurboTax Premier Software.  Recommendation:  "Fix The Glitch."

[ocnow]

I am getting the same error message.

[srodbell]

same issue