Received corrected W-2 for social security tax withheld. Need to file 1040x?

[lkljunky]

Hi,

I received a corrected W-2 for 2020.  The only change was to the social security tax withheld.  I entered the corrected amount into Turbo Tax, and it said that it did not detect a difference with what was already filed.  If the change does not affect the amount of tax owed or refunded, do I still need to file a 1040X?  

I'm on the Review tab.  Does that mean there were no difference detected to my state tax return either?

[LeonardS]

No, if the only change was to social security tax withheld you do not have to file an amended federal or state tax return

[VolvoGirl]

Only if the corrected Social Security tax in box 4 is higher and you have more than 1 employer and the higher amount causes you to go over the max Social Security tax.  Then you can get the excess back.

For 2021 the max for Social Security is $8,853.60 on $142,800 of wages (142,800 x 6.2%).

[tcarness]

I just received a corrected form W-2C from my employer the USDA that said I paid more than my W-2 from 2020 by 995.98 I would like to ammend it if it means I will get a refund for understating what I paid.  Thanks for any advice.  I made less than 75K so it might be a few dollars?

[Mike9241]

more what? social security taxes.  they're supposed to be 6.2% of social security wages imposed on a maximum of $142,800 box 3 on w-2 for 2020.  if the employer withheld more than 6.2% then you have to get it back from them, not the IRS. it would seem in your circumstance you'll get no refund from the IRS. you're not required to file an amended return for this. to do so would be a waste of your time and money   The Social Security Adm gets a copy of the W-2C to update your social security wages for retirement benefits.

[haibach888]

I receive W-2C Form,

box c 

2020/W-2 01

                                                           Previously reported    Correct information

Social Security Tax withheld

box 4                                                               4000                         6000

How can I enter in Turbo tax software?

[Mike9241]

if you already filed 2020, don't bother. based on what you provided that only the social security tax withheld increased on the w-2 there is no reason for you to file an amended return or even change the numbers in Turbotax. 

if you are filing your 2020 1040 for the first time in the w-2 section for box  4 enter  6000. you'll come to some questions check the one that says w-2 was corrected by my employer.