I received a “Corrected Wage and Tax Statement” For 2020

[slothsucks8]

Previously reported less than I actually contributed

[rjs]

Do you have a question about the Corrected Wage and Tax Statement?

A Corrected Wage and Tax Statement is Form W-2c. It makes corrections to a previously issued W-2.

Which boxes on the W-2c are changed? Are the corrected amounts higher or lower than the original amounts? If it's box 12 or 14, what is the code or description?

What do you mean by "Previously reported less than I actually contributed"? Reported where? By whom? Contributed to what? Do you mean that an amount on your original W-2 was wrong and the W-2c changes it to the correct amount?

[Cynthiad66]

@slothsucks8

I think you are trying to figure out if you need to do something. @rjs asked some pertinent questions that would assist in helping you decide what to do.  However, normally a W-2C corrects something that was on the original W-2 received from that company.  Form W-2c: Corrected Wage and Tax Statement is a corrected version of your W-2.

If you already imported or entered your W-2 and you haven't yet filed, go back and edit your W-2 with the corrected info from your W-2c.

And if you already mailed your return, or it was accepted, you may need to amend.

Click the link below to determine if you need to amend.

Do I need to amend

To start your amended return, go back into TurboTax, open the return that you already sent in, and on the first page you see, click on the link to amend your return. 

Amend only if you need to make a change on a return you have already filed.  Use this link for more information on How to Amend My Return.

{Edited:  1/13/2023 | 8:40AM PST}

[rjs]

@slothsucks8 

You need to clarify whether you have already filed your 2020 tax return or you are just working on it now. And if you did file it, when did you file it? Has it been processed by the IRS? Did you get the original refund?

I assumed that you filed your 2020 tax return long ago, and the W-2c is correcting a W-2 that you included in the 2020 tax return that you filed. Cynthiad66 is thinking that you might just be working on your 2020 tax return now, and have not yet filed a tax return with the original W-2. What you have to do with the W-2c depends on the status of your 2020 tax return, so please clarify that. Also, you have not actually asked a question. If you have a specific question about your W-2c, tell us what your question is.