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New Member
posted Jun 9, 2024 8:27:10 AM

Why does my amended W2 cause my tax liability to go up if my SS and Medicare wages went down?

I got an amended W2 for 2022 from my employer which shows a decrease in boxes 3 and 5 (Social Security and Medicare wages).  I entered the information into TurboTax, but now it's saying that I owe more money.

I don't understand.  If my wages were reduced and I already paid the taxes on the non-reduced amount, shouldn't I get a refund?

0 2 22238
2 Replies
Level 15
Jun 9, 2024 8:32:02 AM

If the only amount that changed on the corrected W-2 were the wages in boxes 3 and 5, there is no need to amend the 2022 tax return.  Those amounts are not entered anywhere on your federal tax return.

Level 15
Jun 9, 2024 8:41:26 AM

There is could be one reason.  Do you have more than 1 W2?  If you have more than 1 W2 you might have gone over the SS max and claimed an excess on your original return.  Check if you had an amount on 1040 line 31 which comes from Schedule 3 line 11.   For 2023 the max for Social Security is $9,932.40 on $160,200 of wages.  Then if your SS was reduced you have to pay the excess you claimed back.