Does Turbo Tax take into account Ohio teachers are not required to pay social security taxes?

Forum|Forum|6 years ago
June 1, 2019
2 replies
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It does not appear that Turbo Tax is recognizing that Ohio teacher income is not taxable for social security as my refund amount decreases significantly after entering W-2.

TurboTax Deluxe Online

xmasbaby0

Employee

TurboTax is not going to deduct anything from your income to pay in to Social Security. If your refund dropped, that is not the reason. TurboTax is well aware that many teachers do not pay in to SS. A lot of teachers pay into a Teachers Retirement System instead.

Did you already have some income entered when you entered the teacher's W-2?

You started off with your first W-2 and your refund looked high? Then you added another W-2 and it stopped looking so good? That is normal. When you added more income, your tax liability increased, so you saw your refund decrease. The program began by giving you your standard deduction—- which lowered your taxable income. So you are not being taxed on as much of the income on that first W-2. Then you added taxable income--so the refund went down. Your refund (or tax due) is based on the total of your income, not “per W-2.” Wait until you have entered ALL of your income and deduction information. You can't really tell anything until it is all entered. That “refund monitor” does not mean anything until everything has been entered.

https://ttlc.intuit.com/questions/2273878-why-did-my-refund-drop-when-i-entered-another-w-28

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

evoxking112!

Employee

Well I called the irs and they said that they don’t know what that direct deposit is for because they have not even released any info on my federal tax return. ???