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Drphibes
Level 6
June 4, 2021
Question

Lacerte 2020 W-2 entry 2555 calculating 2018 max Social Security automatically

  • June 4, 2021
  • 1 reply
  • 7 views

When you enter a taxable wage amount in 2555, it is automatically calculating the 2018 max Social Security wages and Social Security withholding amount.  Even the max number above the Social Security amount box is the 2018 amount.  Just a heads up.

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1 reply

Drphibes
DrphibesAuthor
Level 6
June 4, 2021

Medicare is calculating correctly.