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Kstrong80
Returning Member

Turbotax Social Security Tax Issue

When I enter my Social Security Tax withheld amount from my W2, I am receiving a message  on Turbotax that my employer withheld too much.  This is not accurate.  The Social Security Tax that was withheld is correct.  Is this a known issue with Turbotax Deluxe for 2020?  Any help is appreciated!

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5 Replies

Turbotax Social Security Tax Issue

Multiply the amount in box 3 + box 7 by 6.2%...is that the amount in box 4?

Kstrong80
Returning Member

Turbotax Social Security Tax Issue

Yes, it is the amount in box 4.  

Turbotax Social Security Tax Issue

Turbotax is really sensitive to rounding issues, I don't know why.  Try removing the cents from the amount in box 4, or dropping it by $1.  It won't change your tax or cause a rejection at the IRS. 

Kstrong80
Returning Member

Turbotax Social Security Tax Issue

Thank you for your help!  I finally saw that there was an error in another box causing the issue. 

Turbotax Social Security Tax Issue

What was it?  It may help someone else.  

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