Corrected w2 - Social Security Tax Withheld

[Eafsh]

Hello,

I received a corrected w2 form (44444) for the year of 2020 and the only thing that has been corrected is the box number 4 (Social Security Tax Withheld). I tried using Turbo Tax to amend my return but when I updated the amount, the refund did not change and at the end, I see a message that states there is no difference in my tax return even though I updated box 4. Am I required to amend my tax or this is something that I don’t have to be worried about since my employer already has sent the corrected info to the IRS and there is no tax difference?

Thank you very much!

[VolvoGirl · Accepted solution]

You only need to amend if the Social Security in box 4 was increased and you have more than 1 employer and all the box 4 Social Security is more than the max.  Then you can get the excess back.  For 2020 the max for Social Security is $8,537.40 on $137,700 of wages.