WebOct 30, 2024 · Railroad Retirement Tax Act (RRTA) compensation follows similar rules, but it is reported on box 14, “Other,” of the 2024 Form W-2. Employers should not include in box 14 any amount of deferred employee Tier 1 RRTA tax that has not been withheld. WebIf you had only one employer during 2024 and your Form W-2c, Corrected Wages and Tax Statement, for 2024 only shows a correction to box 4 (or to box 14 for employees who pay RRTA tax) to account for employee Social Security (or Tier 1 RRTA tax) that was deferred in 2024 and withheld in 2024 pursuant to Notice 2024-65, as modified by Notice …
Knowledge Base Solution - How do I complete Form W-2, Wage …
WebForm W-2 (box 5) are greater than $200,000. • Your RRTA compensation on any single Form W-2 (box 14) is greater than $200,000. • Your total Medicare wages and tips plus your self-employment income, if any (including the Medicare wages and tips and self-employment income of your spouse, if married filing jointly), are greater than the WebThe worksheet is specific for each year's tax return. To request a worksheet for a specific tax year, contact: Quality Reporting Service Center Railroad Retirement Board 844 North Rush Street 7th Floor Chicago, Illinois 60611-1275 Phone: (312) 751-4992 Fax: (312) 751-7123 Email: [email protected] office bistro irvington
Form W-2 - Tier I Medicare Railroad Retirement - TaxAct
Webbox: Additional Medicare Tax. Who Must File You must file Form 8959 if one or more of the following applies to you. Your Medicare wages and tips on any single Form W-2 (box 5) are greater than $200,000. Your railroad retirement (RRTA) compensation on any single Form W-2 (box 14) is greater than $200,000. Your total Medicare wages and tips plus WebJul 26, 2024 · Under the Wagessection, locate theBox 14 subsection. Enter the amount in one of the applicable fields: RRTA compensation RRTA Tier I withholding RRTA Tier II … WebFeb 15, 2024 · The workaround of adding RRT COMPENSATION (Railroad Retirement Compensation) to box 14 equal to the value from box 1 has not stopped the error from popping up. BTW RRTM = Railroad Retirement Medicare Tx and RRTA COMPENSATION = Railroad Retirement Addl Medicare Tax. Where is the thumbs down icon? office bitness registry