If Box 4 (Social Security Tax) of your W-2 is $8,537.40, you've paid the maximum amount of Social Security Tax for 2020 and have not deferred any tax. You won't...
For the tax year 2020, the maximum amount of wages subject to Social Security tax is $137,700.00. The tax is 6.2% of those wages which is $8,537.40 ($137,700 X ...
I have the same issue when preparing my son's return. He had the proper amount withheld for both Social Security and Medicare and is unaware of any deferral. Th...
