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New Member
posted Jun 6, 2019 12:11:36 AM

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?

0 4 12005
4 Replies
New Member
Jun 6, 2019 12:11:38 AM

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. 

New Member
Jun 6, 2019 12:11:39 AM

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. 

New Member
Jun 6, 2019 12:11:41 AM

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. 

New Member
Jun 6, 2019 12:11:46 AM

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