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TurboTax 2018 thinks that the maximum Social Security tax employee contribution for 2018 is $7,960.80. Multiple sources indicate 6.2% x $128,700 = $7,979.40?
Unfortunately, I couldn't find Intuit's forms for submitting bug reports. I guess they figure they don't need it.
wrapper version 018.000.0109
WinPerReleaseEngine version 018.000.0250
WinPerFedFormset version 018.000.1162
WinPerTaxSupport version 018.000.0113
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TurboTax 2018 thinks that the maximum Social Security tax employee contribution for 2018 is $7,960.80. Multiple sources indicate 6.2% x $128,700 = $7,979.40?
I can answer this one myself. The SSA changed the 2018 income maximum to $128,400 on November 27, 2017. This was a revision to their original amount of $128,700.
It appears that a lot of online references have not been updated even though they have had almost a year to do it. However, the Intuit team was on top of it. Way to go Intuit team!
Sources:
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TurboTax 2018 thinks that the maximum Social Security tax employee contribution for 2018 is $7,960.80. Multiple sources indicate 6.2% x $128,700 = $7,979.40?
I can answer this one myself. The SSA changed the 2018 income maximum to $128,400 on November 27, 2017. This was a revision to their original amount of $128,700.
It appears that a lot of online references have not been updated even though they have had almost a year to do it. However, the Intuit team was on top of it. Way to go Intuit team!
Sources: