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Social security taxes to limit taken on W2 earnings through June, Pro Series charges SS tax on later self-employment earnings beginning July. Don't see how to adjust for this on self-employment earnings, which affects contribution to SEP.
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Are you saying the program isnt capping the SS taxes based on all earnings subject to SS?
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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Did you enter the Social Security wages and withholding?
Are the W-2 and self-employment income marked correctly for taxpayer or spouse?
The more I know the more I don’t know.
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Are you sure it's not just adding Medicare tax?
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Make sure both the schedule C and the W2 are marked properly, i.e. for the same taxpayer, marked t, or spouse, marked s. I can see how this may happen, but I'm not sure why. Did you try overriding the Social Security tax to the correct amount? Just my opinion.
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make sure you have the schedule c checked for the correct person
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That's it of course. Forgot about no limit on medicare tax. Thank you so much.
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I am saying that but I was wrong. It was just on going Medicare tax on another $209,000 of self-employment earnings. Thanks for answering.