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Level 2
April 14, 2020
Question

Corrected W2 - line 12b - code D - lower amount, do I need to file an amended return?

  • April 14, 2020
  • 3 replies
  • 26 views
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3 replies

macuser_22
Alumni - Champ
Alumni - Champ
April 14, 2020

Not unless your return contained a 8880 (Savers Credit) form and the adjusted amount might change the amount of credit, otherwise, that will have no affect on your tax return and does not go on your tax return at all.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
Level 2
April 14, 2020

Thank you - also, does this also not affect what may need to be paid/etc?  I did not get an 8880 form. 

 

So in essence, I don't even have to worry about the correction on this w-2 because it doesn't affect anything I would have to pay, or would get in a refund? 

macuser_22
Alumni - Champ
Alumni - Champ
April 14, 2020

The W-2 box 12 code D does not go on a tax return at all, but it can be used to determine any Savers Credit.  If no 8880 form then there is no reason to even enter it because it does not do anything else.    The IRS gets that information  from the copy for the form sent by your employer, not you.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**