Why I am I getting a message saying You have a W-2c coming . Since you deferred some of your social security taxes last year. We did not deferred anything last year

[dbinc]

It says you will get a from W-2c once you've repaid what you've deferred. Again, we did not deferred anything to my knowledge

[DianeW777]

You did not defer anything.  Your employer was allowed to defer this tax.

Check the amounts in box 3 of your W-2 and the amount in box 4.  Box 4 should be 6.2% of Box 3. 

Review the IRS Notice 2020-65 which explains more about this topic.

To Employers: 

If you deferred the employee portion of Social Security tax under Notice 2020-65, when reporting total Social Security wages paid to an employee on Form W-2, Wage and Tax Statement, include any wages for which you deferred withholding and payment of employee Social Security tax in box 3 (Social security wages) and/or box 7 (Social security tips). However, do not include in box 4 (Social security tax withheld) any amount of deferred employee Social Security tax that has not been withheld.

To Employees:

If you had only one employer during 2020 and your Form W-2c, Corrected Wages and Tax Statement, for 2020 (if you get one later), only shows a correction to box 4 (or to box 14 for employees who pay RRTA tax) to account for employee Social Security (or Tier 1 RRTA tax) that was deferred in 2020 and withheld in 2021 pursuant to Notice 2020-65, no further steps are required. 

This does not affect your tax return, only your social security account. For most employees no action is required.

[warehami]

We get the same message regarding deferred social security and, per the answer, if we paid 6.2% as the tax already, nothing was deferred. Our tax was 6.2%, so we are confused as to why this message is appearing given nothing was deferred.

[radmjk]

I too received this message yet our SS tax withheld is 6.2%. Confused as well. 

[Stonks]

I'm getting the error as well and my box 4 is 6.2% of box 3. I think it's a TurboTax bug... Found a couple already this year. In fact, my box 3 is the maximum allowed meaning that there should be no rounding issues.

[crossbow8388]

I also think it is a bug because mine calculates exactly to 6.2%.

[GAK]

I am getting same message.  My numbers are correct.  I won't be getting a W-2c from my employer.  SS Tax deferral did not occur.  Does TT know about this issue?  Is it safe to  e-file still?      

[DawnC]

Yes, TurboTax knows about the issue and yes, it is safe to file.   If you don't have self-employment tax, and Box 4 of your W-2 is 6.2% of your Box 3 wages, and you know your employer is not sending a W-2c, you can safely ignore that message.  This is not an error that will prevent you from filing and won't affect your tax return.   Revisit the section for the Self-employment tax deferral entry:

1. Return to the Deductions & Credits section.
2. Scroll to Tax relief related to COVID-19 and Show More.
3. Select Self-employment tax deferral and select Revisit.
4. Answer NO - this may remove the error message.

Although you can safely file now, it is always safer to wait and file in March as software updates occur often in the early tax season.  And with covid this year, there are many new forms that are being added in, so there are even more than the normal amount of software issues that need correcting this year.    Of course, everyone can't wait until March to file, but if you can, it is a good idea, not just this year, but every year.    @GAK   @crossbow8388  @Stonks   @warehami

[squartucci]

The total social security tax is 12.4%. The employer withholds your half 6.2% from your wages and enters that amount in box 4. That has not been deferred usually.
The employer pays the other half 6.2%. The employer is allowed to defer their half.
BUT... if you find that the box 4 amount is less than 6.2%

Under the IRS guidance issued in August 2020, employers were allowed to defer withholding employees' share of Social Security taxes from Sept. 1, 2020 through Dec. 31, 2020. Originally, employers were required to increase withholding and pay the deferred amounts ratably from wages and compensation paid between Jan. 1, 2021 and April 31, 2021, and beginning on May 1, 2021, penalties and interest on deferred unpaid tax liability would begin to accrue.

However, the Consolidated Appropriations Act that President Trump signed at the end of 2020 extended the repayment period through Dec. 31, 2021. Now, penalties and interest on deferred unpaid tax liability will not begin to accrue until Jan. 1, 2022.

[Dutch55]

I checked box 3 which is SS max and box 4 is 6.2% of that amount.   My employer says that have no idea why I got the "your going to get a W2c" banner.

[SteamTrain]

AS long as you are not filing a tax return that has Self-employment income in it...

______________________

Yes.. a recent update which will confuse thousands of folks

It is supposedly a "helpful" notice (which may not be helpful) , and does not change, or stop your filing of taxes in any way.

________________________

It is likely just a calculation/rounding  screw-up in the software...that does not affect your taxes in any way.

Just edit each W-2 you entered, and make sure box 4 is entered to be the same number as on your paper/PDF W-2 from that employer.  If box 4 is 6.2% of box 3...then nothing is wrong, and ignore that notice entirely.

___________________________________________

[mrberrys]

I did not find that this suggestion corrected the error, and since I owe taxes anyway I will be waiting to file until 4/15 and hop this bug has been corrected by then. 

[Annandale]

So Turbo Tax must have an error in its calculation. I had done multiple reviews and this message only appeared in the last review, no changes were made to the W2.  Checking the ratio of the SS tax withheld to the SS wages reported comes out to 6.2%

[mytaxded]

for the first time I have a 1099-nec. I overpaid federal taxes by a considerable amount while I was employed. I am getting the error message, but am new to this whole self-employment thing. I filled everything out and have a schedule c and se. Do I need to submit the social security/medicare tax separately? I thought since there was more than enough being paid to federal, it would be deducted from my return.

[AmyDito]

thanks!