I just received a corrected W-2 that included an amount from box 12 C. It is a very small amount. Do I need to file an amended return since I have already filed my return?

MrsH · ‎June 3, 2019

The letter I received with it stated that it was for group-term life insurance.

DDollar · ‎June 3, 2019

You do not need to file an amended return. Code C in Box 12 is Taxable cost of group-term life insurance over $50,000. That amount is included in your Box 1 wages. Adding the code to your return won't change your return. Moreover, the information is reported to IRS by your employer. There is a remote possibility the IRS will contact you by mail regarding this. If so, you will be able to respond by mail and resolve it.

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DDollar · ‎June 3, 2019

You do not need to file an amended return. Code C in Box 12 is Taxable cost of group-term life insurance over $50,000. That amount is included in your Box 1 wages. Adding the code to your return won't change your return. Moreover, the information is reported to IRS by your employer. There is a remote possibility the IRS will contact you by mail regarding this. If so, you will be able to respond by mail and resolve it.

I just received a corrected W-2 that included an amount from box 12 C. It is a very small amount. Do I need to file an amended return since I have already filed my return?