1958372
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

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

Do I really need to get a W-2c form for deferred taxes? i do not believe we deferred any taxes

We didn't take taxes out of a retirement fund. Is this why we are going to get a W-2c form?
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.

1 Reply

Do I really need to get a W-2c form for deferred taxes? i do not believe we deferred any taxes

It does not mean that you will get a W-2C, only that you might.

 

A 2020 executive order deferred the withholding of SS & Medicare tax because of COVID.   That was an option that many employers did without informing employees that it was just a deferral.   

 

Because SS & Medicare tax will make no difference to 99.9% of all tax payers - the W-2C (if it comes) can be ignored.  Only if the additional tax exceeds the maximum yearly amounts would you possible get a small refund.

 

The e-mail is just to alert you to the possibility.

**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.**

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