626678
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

What categories do you select for Railroad Retirement for each item in box 14 - RRT1 Tax, RRT1 Wages, RRT2 Tax, RRT2 Wages, Medicare Tax and Medicare Wages?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

4 Replies

What categories do you select for Railroad Retirement for each item in box 14 - RRT1 Tax, RRT1 Wages, RRT2 Tax, RRT2 Wages, Medicare Tax and Medicare Wages?

Input RRTA Compensation for the Medicare wages. However, you should select Other for the Tier I and II wages. Otherwise, TurboTax will add up all three wage buckets and you may owe additional Medicare tax if you go over the limit ($200k single/$250k married). You want to select RR Tier I tax, RR Tier II tax and Medicare tax for the tax withholdings in Box 14. 

What categories do you select for Railroad Retirement for each item in box 14 - RRT1 Tax, RRT1 Wages, RRT2 Tax, RRT2 Wages, Medicare Tax and Medicare Wages?

Input RRTA Compensation for the Medicare wages. However, you should select Other for the Tier I and II wages. Otherwise, TurboTax will add up all three wage buckets and you may owe additional Medicare tax if you go over the limit ($200k single/$250k married). You want to select RR Tier I tax, RR Tier II tax and Medicare tax for the tax withholdings in Box 14. 

What categories do you select for Railroad Retirement for each item in box 14 - RRT1 Tax, RRT1 Wages, RRT2 Tax, RRT2 Wages, Medicare Tax and Medicare Wages?

Input RRTA Compensation for the Medicare wages. However, you should select Other for the Tier I and II wages. Otherwise, TurboTax will add up all three wage buckets and you may owe additional Medicare tax if you go over the limit ($200k single/$250k married). You want to select RR Tier I tax, RR Tier II tax and Medicare tax for the tax withholdings in Box 14. 

What categories do you select for Railroad Retirement for each item in box 14 - RRT1 Tax, RRT1 Wages, RRT2 Tax, RRT2 Wages, Medicare Tax and Medicare Wages?

It is saying that the amount I paid in Tier 1 Tax is wrong. I made the Max  amt for Tier ! which is 7960.80. Please help

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question