I have already filed my Federal, NY, and NJ returns and found a missed W2 with $0.43 in Box 1. Is it necessary to amend my returns and file a W2 if it less than $0.50?

posted

Connect with an expert

1 Best answer

Accepted Solutions

I have already filed my Federal, NY, and NJ returns and found a missed W2 with $0.43 in Box 1. Is it necessary to amend my returns and file a W2 if it less than $0.50?

no.... as .43 does not round to $1 and therefore you do not have to amend as it rounds down to $0...

Was I helpful?

**I don't work for TT. Just trying to help. All the best.
***Say "Thanks" by marking as BEST ANSWER and clicking the thumb icon in a post and that I solved your question
**Mark the post that answers your question by clicking on "Mark as Best Answer" I am NOT an expert and you should confirm with a tax expert.

View solution in original post

1 Reply

I have already filed my Federal, NY, and NJ returns and found a missed W2 with $0.43 in Box 1. Is it necessary to amend my returns and file a W2 if it less than $0.50?

no.... as .43 does not round to $1 and therefore you do not have to amend as it rounds down to $0...

Was I helpful?

**I don't work for TT. Just trying to help. All the best.
***Say "Thanks" by marking as BEST ANSWER and clicking the thumb icon in a post and that I solved your question
**Mark the post that answers your question by clicking on "Mark as Best Answer" I am NOT an expert and you should confirm with a tax expert.

Still have questions?