Social Security Tips

[Lion EA]

First time ever: W-2 Box 7 Social security tips for $3,200. Is the $3,200 already included in Boxes 1 through 6? Do I have to put the $3,200 anyplace?

[Lee B]

Does Box 7 + Box 3 = Box 1 ?

[Slippery Pencil]

Should be included in box 1.

On the W2 input, you need to enter the amount in box 7.  I think you need to override box 3, but I don't recall.  Box 4 will calculate based on the total of box 3 & 7.

[Lee B]

1 hour ago, cbslee said:

Does Box 7 + Box 3 = Box 1 ?

If yes, just enter the numbers per the W 2, no overrides

[Lion EA]

Thanx, all. Yes, Box 7 + Box 3 = Box 1. And, I get no diagnostics.

Haven't had a Box 7 before (I do have a hairdresser with unreported tips, but I know what form to use.) Medicare tax is perfect for Box 5. But SS tax is too much for Box 3 alone, but too little for Box 3 + Box 7. Again, I'm not getting any diagnostics. And, it's a kid who's under the standard deduction and getting all his w/h back.

[Medlin Software, Dennis]

There are cases where there is not enough pay, sans tips, to cover all withholding. SS could have been what the employer elected to “short”.

[Lion EA]

Thanx, everyone.