Lacerte will automatically generate an amount on line 72 of the Sch 5 if any of the following apply:A taxpayer received multiple W-2s and the combined amount of social security withheld exceeds the limit for the year.An amount was entered in Box 12 with Code A- Uncollected SS/RRTA, or Code M- Uncollected SS/RRTA on group-term life insurance on tips, that exceeds the limit for the year.To force an amount on Sch 5, Line 72:Go to Screen 38.2, EIC, Residential Energy, Other Credits. Scroll down to the Other Credits section.Enter the amount in Excess social security & RRTA tax withheld [O].

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Excess FICA withheld due to muliple W2s How does taxpayer recieve refund.

Forum|Forum|6 years ago
December 7, 2019
2 replies
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Lacerte Tax

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Best answer by abctax55

But forcing it is generally a bad, bad idea....let Lacerte do the math.

Make sure you do have each W-2 tagged to the appropriate taxpayer or spouse.

Any excess withholding from a SINGLE employer (i.e. the W-2 is wrong) must be refunded by said employer.

abctax55Answer

Level 15

But forcing it is generally a bad, bad idea....let Lacerte do the math.

Make sure you do have each W-2 tagged to the appropriate taxpayer or spouse.

Any excess withholding from a SINGLE employer (i.e. the W-2 is wrong) must be refunded by said employer.

HumanKind... Be Both

IntuitAustin

Level 10

Glad to see you back around @abctax55

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Accept as solution"

IntuitAustin

Level 10

Lacerte will automatically generate an amount on line 72 of the Sch 5 if any of the following apply:

A taxpayer received multiple W-2s and the combined amount of social security withheld exceeds the limit for the year.
An amount was entered in Box 12 with Code A- Uncollected SS/RRTA, or Code M- Uncollected SS/RRTA on group-term life insurance on tips, that exceeds the limit for the year.

To force an amount on Sch 5, Line 72:

Go to Screen 38.2, EIC, Residential Energy, Other Credits.
Scroll down to the Other Credits section.
Enter the amount in Excess social security & RRTA tax withheld [O].

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Accept as solution"

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