Answered: My client has w-2 income of 188k & self employed income of 22k. How do I eliminate the excess social security taxes and calculate the correct amount of medicare tax?

twisniewski7 · ‎12-07-2019

sjrcpa · ‎12-07-2019

Make sure you have entered social security and Medicare wages, and social security and Medicare withholding when you enter the W-2 info.

The more I know, the more I don't know.

sjrcpa · ‎12-07-2019

Make sure you have entered social security and Medicare wages, and social security and Medicare withholding when you enter the W-2 info.

The more I know, the more I don't know.

Just-Lisa-Now- · ‎12-07-2019

Make sure both the W2 and the Sch C are assigned to the same person, the software should do the work for you.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

Just-Lisa-Now- · ‎12-07-2019

not that you can tell what's really happening on the new tax forms... they've got everything spread out all over the freaking place! :end rant:

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

My client has w-2 income of 188k & self employed income of 22k. How do I eliminate the excess social security taxes and calculate the correct amount of medicare tax?