W2 Box 5 has a negative amount

Forum|Forum|2 years ago
March 22, 2024
2 replies
41 views

Hi all,

My W2 Box 5 (Social Security Withheld) has a negative amount. However, the TurboTax Deluxe does not let me enter a negative amount. The system shown a message that the lowest amount can be entered is 0.

What should I do?

Thanks in advance for any response and help!

LindaS5247

Level 14

Please clarify your question by adding some additional information so we can provide a more helpful answer. Did you make a repayment of your social security benefits? Was this amount in Box 5 included in your income in a prior year? Is the amount in excess of $3,000?

Please feel free to come back to TurboTax Community with additional information or questions or click here for help in contacting Turbo Tax Support.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

VolvoGirl

Level 15

W2 box 5 is for Medicare wages. SS tax is in box 4. Or is it on another form like a SSA-1099?

InLearning1Author

Level 2

Sorry, my typo. The negative amount is under box 4 Social security tax withheld.

Thanks!

JohnB5677

Level 15

This is unusual.

Please contact your employer to confirm what that is.
A negative entry occurs if the amount of carryover credit exceeds your tax liability.
- I don't see how that could happen wit Social Security tax withheld..
TurboTax will not take a negative number in that field.

Please contact us again with any additional questions and provide some additional details.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"