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Turbotax incorrectly reports rounding error in medicaid waiver payment in W-2

in 2022 schedule 1 item 8s, it is a new field to report medicaid waiver payment.

And turbotax add a new field in its W-2 part X field 13b for it.

However, turbotax reports an error in this field incorrectly due to rounding in its W-2 form.

for example, the income is $1000.60.  It does not rounded.

but in part X field 13b, it is rounded as $1001.

therefore, it is reporting an error because $1001 > $1000.60.

 

Please help fix the rounding error reporting.

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1 Reply
rjs
Level 15
Level 15

Turbotax incorrectly reports rounding error in medicaid waiver payment in W-2

To eliminate the error, enter the rounded amount in box 1. In your example, change the amount in box 1 to $1,001.00. Entering the rounded amount is acceptable and will not cause any problems. It's going to get rounded on the tax return anyway. The IRS does not bother with cents.


I'll report the problem, but it's a minor issue so I don't know when they'll fix it, or if they'll fix it at all.

 

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