Does Social Security tips in box 7 of W-2 still gets tax for SS tax of 6.20% and how to report the amount on tax return? example below
Box 1 of W-2 shows Wages and Tips amount for total wages: $10,000
Box 3 only shows Social Security Wages excluding tips amount and box 4 shows SS tax withheld: $8,000
Box 7 shows Social Security Tips amount: $2,000
Thanks,
RP2
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enter the w-2 just as shows, including the social security tips in that same box in PS.. you do not add it to any other box..
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