Why do I get a credit for "Excess social security and tier 1 RRTA ...
Mar 29, 2025 · IRS Topic 608 - Excess Withholding See Schedule 3, Part II, Line 11: Excess social security and tier 1 RRTA tax withheld See Form 1040, Line 31: This is added like a …
Excess Social Security Caused by Two Employers and W2 Box 12 …
Mar 20, 2025 · In the meantime, you will need to manually enter your excess Social Security tax credit on line 11 of Schedule 3. To do this in Forms mode, go to the 1040/1040SR Wks, and …
W2 has amt in box 14 labeled Tier1 and tier2 that we ... - Intuit
What about RRTM and RRTA COMPENSATION? Those translate into Railroad Retirement Medicare Tax and Railroad Retirement Addl Medicare Tax. Those appear on my W2 as well. …
Turbo tax is saying that my employer withheld too much Railroad ...
Apr 12, 2021 · If you had more than one employer and too much Social Security tax or Tier 1 RRTA tax withheld, you may be able to claim the excess as a credit against your income tax …
Please explain the RRTA Tier 2 Tax / Code C in box 12 of my W2
Jun 6, 2019 · Please explain the RRTA Tier 2 Tax / Code C in box 12 of my W2The tier 1 is social security equivalent and the tier 2 contributions are to the pension plan. These are the amounts …
What is excess social security and tier 1 RRTA tax withheld
Mar 3, 2021 · Excess social security and Tier 1 RRTA tax withheld means that you overpaid on the amount of Social Security from your paychecks. This usually occurs when you change jobs …
W2 has amt in box 14 labeled Tier1 and tier2 that we ... - Intuit
Jun 3, 2019 · W2 has amt in box 14 labeled Tier1 and tier2 that we contribute to RR. He is not retired, so this is just our contribution amt. what option do I pick in
What is line 12 on your W-2 form
Apr 30, 2020 · The W2 Box 12 codes are: A — Uncollected Social Security or RRTA tax on tips. Include this tax on Form 1040 Schedule 4 line 58. B — Uncollected Medicare tax on tips. …
uncollected social security and medicare taxes on Horizon bFit …
Feb 14, 2024 · M—Uncollected social security or RRTA tax on taxable cost of group term life insurance over $50,000 (former employees only). The tax is being calculated and entered on …
What categories do you select for Railroad Retirement for each
Jun 6, 2019 · What categories do you select for Railroad Retirement for each item in box 14 - RRT1 Tax, RRT1 Wages, RRT2 Tax, RRT2 Wages, Medicare Tax and Medicare …