turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

rcon
New Member

Corrected W2 form

I just receive a corrected W2 form from my form employer for 2020. The correction was with an increase in the amount of SS withheld from around 4000 to 6000. Do I need to file an amended return for that year? If so, can this be accomplished through TurboTax since it was completed by them? 

Thank you

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

Corrected W2 form

If all that was changed is the Social Security wages or Social Security taxes withheld there is no need to amend the tax return.  The SS information is not entered on a tax return unless you had two or more employers and the total SS taxes withheld exceeded the maximum amount for the tax year.

DMarkM1
Expert Alumni

Corrected W2 form

As @DoninGA states you will not need to amend your return for those changes.  As part of  COVID relief some employers deferred social security tax withholding for a period in 2020.  Once that period ended the social security taxes were recuperated in 2021 by increasing withholding for a period.  That required the corrected W2 for 2020 so that your social security records were reconciled.  

 

Here is a link with more information on the program. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question