Question

TurboTax saying a W-2c is on the way?

Forum|Forum|5 years ago
February 18, 2021
63 replies
0 views

Today (2/18/2021) it says as I get done with Federal review - Heads Up! - A W-2c is on the way. It goes on to say due to deferring social security tax. Neither myself or my wife did any social security tax deferring. Why would it say this? Has anyone else today or recently got this same message? Should I file now or wait to see if I am getting a new W-2 (called W-2c) when again, I did not defer any social security tax and manually see on the W2s that we paid 6.2%. Thoughts?

TurboTax PLUS Online

SteamTrain

Employee

1) Did you re-edit each W-2 (in the software itself) and make sure box 4 was not less than 6.2% of box 3? Need to make sure you didn't fumble-finger a value first.
or

2) Was box 4 at the maximum of 8537.40 ??

OR

3) ...might help to read this...if you also had a 1099-NEC reported:

https://ttlc.intuit.com/community/retirement/discussion/turbotax-you-have-a-w-2c-coming-since-you-deferred-some-of-your-social-security-taxes-last-year-both/01/1946357

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

J

jmwink72Author

We paid the full 6.2% all all W2's. Thanks for sending the link. We do have a1099G (unemployment income) but SS tax isn't due on that income. Seems like a bug?

SteamTrain

Employee

maybe...but could be a simple rounding difference in box 4. Try adding 50cents to box 4 on any W2 that has nearly 50cents on the final digits and see if the Warning/Notice (and that's all it is) still occurs.

IF it does, then that is what's going on...i.e. just a rounding difference between what your employer did, and what TTX did.

Then return box 4 to it's former # and ignore that notice/warning.

__________________________

I tested my desktop software.....and for my test, in a situation where the 6.2% was close to $$$$.50..... a value of $$$$.49 in box 4 gave me the warning, and $$$$.50 did not....and that's all a rounding issue.

__________________________________________________

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

B

bill11566

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. These amounts were correctly entered in TurboTax and yet the same advice regarding a corrected W-2 (W-2c) was issued. I can simply attribute this to software error. In any event, it doesn't affect the filing of the 2020 return as was correctly stated by TurboTax.

As an aside, my own State return was rejected twice due to what TurboTax admitted (and apologized for any inconvenience) were errors in its software. The third time was a charm and the State return was accepted without any changes to input on my part.

A

AW21

I am seeing this as well and have confirmed with my HR that no corrected w2 is coming. hope turbotax clarifies this message

J

jafttu

I am having the same issue. I have used TurboTax for over 10 years now without issue. This year, the program is riddled with bugs. I was on the phone for over 3 hours 2 days ago because the program stopped responding when I got to deductions. Phone support did not help me but I could not give them anymore time that day. I thought I would just input my data directly through the forms and get through this years taxes that way. But once I entered all my info and was about to file, I got this W-2c message.

At this point, unless TurboTax can come up with a quick update to remedy these problems, I want my money back. I am already past the return window with Amazon.

I used the disc version of Premier with Windows 10 on a desktop. Then when I ran into problems, my phone support rep sent a digital download of the same program. Both are useless to me.

D

drbudnet

I also got this last night after the update. I called Intuit and they told me that it could be an error on my part or my employer has a W-2C for me. I am almost certain this is a calculation bug introduced with the last update. I hope they fix this.

T

Thad1

We got the same error message today. I checked the W-2 and the maximum was withheld. Based on the earlier conversations this appears to be a glitch in Turbo Tax.

Z

zumbastic

I got this same message also. What did you do, just ignore it?

P

Pctvball

We got the exact same message when we tried last night. Both checked our w2's and everything is right. Not sure why we got it either.

Z

zumbastic

What did you end up doing?

macuser_22

Employee

That message was sent in error by a software bug.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

MariaDG1

TT is erroneously displaying this message on a large number of returns where it is not actually applicable. You can simply ignore it.

J

Jwilliams29

You May wish to triple check the amounts on your W-2 . Under the CARES ACT The Coronavirus, Aid, Relief and Economic Security Act (CARES Act) allows employers to defer the deposit and payment of the employer's share of Social Security taxes and self-employed individuals to defer payment of certain self-employment taxes. Below is a link with more information .

https://www.irs.gov/newsroom/deferral-of-employment-tax-deposits-and-payments-through-december-31-2020

M

Maribel70

Tried to finish my return today...same issue. This form shouldn't apply to me.

L

leflo221

I get the same message and contacted payroll who had no idea why that would be (no W-2c coming...) My best guess it is a bug. Also strange that when I started completing my return a week ago, this did not come up.