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abctax55
Level 15
December 7, 2019
Solved

Social Security Tips Issue with W-2 Entry

  • December 7, 2019
  • 10 replies
  • 50 views

Lacerte isn't automatically computing social security withheld correctly when a W-2 has SS wages in Box 3 AND SS Tips in Box 7.  

The correct amount populates intially, but when SS Wages are changed to match the W-2, the SS withheld decreases.  In the past, when the SS Tips were entered the SS withheld then changed back to the correct amount.

It is automatically populating SS withheld on JUST the SS wages, not on the combined SS wages plus SS tips.

So the amount shown as SS Withheld is too low.  

I'm not sure when this happened; but it was before today's (3.28.19) update.

I had my colleague who uses Lacerte test this situation too, and she's getting the same erroneous result.  So we are either both insane (good possibility) or there's a glitch/change from the prior way of entering W-2 info.

I'm not sure what the real impact might be....and have to leave for a dinner appointment.   And it's easy to just key in the correct number; but we haven't HAD to in the past (this year, or for the last 30 plus years....)

Just a heads up for everyone.    

This topic has been closed for replies.
Best answer by abctax55

FYI to all....Austin was able to replicate the issue & is looking into it.

(Thanks Austin)

10 replies

abctax55
abctax55AuthorAnswer
Level 15
December 7, 2019

FYI to all....Austin was able to replicate the issue & is looking into it.

(Thanks Austin)

HumanKind... Be Both
IRonMaN
Level 15
December 7, 2019

"So we are either both insane"

Who isn't insane that is in this profession?

Slava Ukraini!
sjrcpa
Level 15
December 7, 2019
Especially at this time of year.
The more I know the more I don’t know.
abctax55
abctax55Author
Level 15
December 7, 2019

Bump for the morning crowd.

HumanKind... Be Both
abctax55
abctax55Author
Level 15
December 7, 2019
HumanKind... Be Both