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The social security excess tax collected is not being calculated. Any word on an update to correct the error? I know this has been a common issue in past pro series.
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Its working fine for me.
You have multiple employers with different EIN's for the same person?
Be sure youve assigned the W2s to the right person.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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Yes, same taxpayer but they over-withheld social security by $788. It's not calculated as a credit.
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Be careful, if the same employer but issued multiple W-2's then that's not a credit on the 1040. The taxpayer must get the refund from the employer. The credit is only for more than one employer with different EIN's.
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I entered it in as an adjustment. So that the return is correct just found it weird.
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Different employers
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You shouldnt have to make any manual adjustments for this, youre entering something wrong somewhere.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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It's one taxpayer not a spouse on the return. Two employers have two different eins total pay is $165,000 but neither w2 exceeded 147000. There is no credit for over paid social security tax.
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But is one of the W-2s accidentally being reported as the spouse's in the return? The software should handle it properly if everything is entered into the program correctly.
Slava Ukraini!
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Sch 3, Line 11 is empty?
When I try it on a dummy return, I put 85k on one W2 and 80K on another W2, it flows as expected for me.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪