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MrsH
New Member

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?

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

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?

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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1 Reply
DDollar
Expert Alumni

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?

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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