Question

Why did I receive this If I did not defer my SS taxes and my employer paid the max amount ? "Since you deferred your SS tax last year, you get W-2c from your employer..,

Forum|Forum|5 years ago
February 20, 2021
2 replies
0 views

The full Turbotax statement is "Heads up! You have a W-2c coming. You can still file today-this won't affect your return. Since you deferred some of your Social Security taxes last year, you'll get Form W-2c from your employer once you've repaid what you deferred.

When you get this form, make sure it's for deferred taxes only and then keep it with your tax records. There's nothing else you need to do."

TurboTax Deluxe Online

SteamTrain

Employee

It is supposedly a "helpful" notice (which may not be helpful) , and does not change, or stop your filing of taxes in any way.

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It is likely just a calculation screw-up in the software ...that does not affect your taxes in any way. (a bug introduced in Wed night's update...One TTX Rep said they'll fix that by the end of next week)

Just edit each W-2 you entered, and make sure box 4 is entered to be the same number as on your paper/PDF W-2 from that employer. If box 4 is 6.2% of box 3...then nothing is wrong, and ignore that notice entirely.

(unless box 4 is significantly lower than 6.2% of box 3...then the notice is valid...but it is just a reminder/"Notice" and you can still file without doing anything else)

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

F

fb4514Author

Thank you for your response!

I

idaughenbaugh

I received that message too-heads up you have a w-2c coming. Everything's correct, with the 6.2%. My question is, I also have 4 payment vouchers that I think correspond to the message. I am owed a refund. Should I ignore the payment vouchers?

SteamTrain

Employee

@idaughenbaugh

The payment vouchers are for pre-paying 2021 taxes, so that you don't owe so much next year. They have nothing to do with the SS deferment. You can ignore them if you don't think you will owe more than and additional balance due of $1000 in taxes when you file in 2022....or if you increase your withholding at work to cut down your balance due.

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