Question

Turbotax Social Security Tax Issue

Forum|Forum|5 years ago
January 27, 2021
1 reply
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When I enter my Social Security Tax withheld amount from my W2, I am receiving a message on Turbotax that my employer withheld too much. This is not accurate. The Social Security Tax that was withheld is correct. Is this a known issue with Turbotax Deluxe for 2020? Any help is appreciated!

Critter-3

Multiply the amount in box 3 + box 7 by 6.2%...is that the amount in box 4?

K

Kstrong80Author

Yes, it is the amount in box 4.

O

Opus 17

Employee

Turbotax is really sensitive to rounding issues, I don't know why. Try removing the cents from the amount in box 4, or dropping it by $1. It won't change your tax or cause a rejection at the IRS.