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January 26, 2020
Question

TurboTax is telling me that there was $1 too much Social Security withheld. The W2 box 4 shows $8239.80 which is the max I think . . . could this be a program error?

  • January 26, 2020
  • 1 reply
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1 reply

JohnB5677
January 27, 2020

You are correct in that this is the maximum contribution.  However, the IRS truncates the numbers so $8,239.80 is shown as $8,239.  Thus leaving $0.80.  This is where you get the excess $1 from.

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