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March 7, 2023
Question

I am having issues completing box 14 on my W2. I work for the Long Island rail road and contribute to tier 1, tier 2, and tier 1 med. It keeps saying I over paid.

  • March 7, 2023
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1 reply

March 7, 2023

Try adding an additional box 14 entry with the amount reported in box 1 using the drop-down code RR for Railroad Retirement Compensation. 

 

This should clear the error message.  

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March 7, 2023

Adding an additional box 14 entry with my wages lowered the amount I overpaid. But it still is saying I over paid. Is there anything else I can try? Thanks for your help.

March 10, 2023

It is possible that your railroad Tier I or II tax is actually overpaid. Tier I should be 6.2% of your wages and Tier II should be 6.2%, up to wages of $147,000 of Railroad Retirement wages.

 

You will see this help box in TurboTax:

 

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