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.
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.
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.
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:
**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"