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I am training to edit a employee's social security tax amount field in edit w2 window and getting error message" social security tax withholding can't exceed the social security tax withholding limit of $4,485.60. Which amount to be $72,348.38, and way under the limit. Also when I edited the field for other employees social security tax information the changes does not reflact in W3 form. Please someone can help with this issue. Thank you very much.
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Hi Ken,
I didn't have any trouble with my summary information...Just the W2s themselves. Remember that there is a cap on the SS W/H so you need to take that into account. I would be very cautious about updating the summary information. Check out table UPR10100.
Change your system date to 12/31/10
change your Social Security rate back to 6.2%
then rerun the year end wage file
run your W-2s
change the system date to 01/01/11 and change the Social Security rate back to 4.2%
.... close GP and reopen to reset the system back to today's date
Sandip,
If you recreate your year end wage file after you apply the 2011 tax update, you must first change the Social Security rate back to 6.2% otherwise you will have problems with your W2s
Thanks,
Mike
rmckay875,
Can we recreate year End wage file after applied 2011 Tax ?
Thanks
Sandip
The solution from rmckay875 is probably the best/safest way of fixing things however you will lose any edits that you have done in the Edit W2 window if you go that route. If you're comfortable with SQL, I have found another work around for this issue:
USE TWO (or whatever your database name is)
UPDATE UPR10100
SET FICASSTR=620000
WHERE RPTNGYR=2010
Keep in mind this is NOT supported by Microsoft since you are modifying data through SQL statement rather than through the front end.
1. change your system date to 12/31/10
2. change the Social Security rate back to 6.2%
3. recreated your year end wage file
4. print the W-2s to the screen to check the amounts
I just did this and it worked for me.
I am having the same problem. I have tried to go back and change the Social Secuirty withholding rate back to 6.2%, but that doesn't help. PLEASE HELP !!!
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