in [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill
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TurboTax is telling me to expect a W2-C from my employer since I deferred Social Security tax last year. The problem is that I didn't. My W2 correctly reflects that I hit the income limit for social security taxes of $137,700 and the correct SS tax withheld of $8,537.40 which is 6.2% of $137,700. Neither do I have a code A set in box 12 of my W2. Is this a bug in TurboTax?
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I have the same thing happening on our return. I posted to this forum about it last week. I wonder if it's a software bug.
You do not have to do anything.
If you got the message "Heads up! You have a W-2C coming" . This was fixed in the newest release on 2/19/2020.
Only the customers who now legitimately will receive a W-2C will still get the pop up.
A W-2c form is used by the United States Internal Revenue Service for tax filing and reporting services. This form is known as a Corrected Wage and Tax Statement form.
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