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Updated W2 for FICA taxes
Dear All,
I expect to get an updated W2 (or maybe a W2-C) from my employer. However, there will be no change in the amount of Income tax I need to pay or the amount of refund I will get. The only change it will have is in the amount of FICA (Social Sec and Medicare) taxes withheld. They will hold more FICA taxes for me for 2020. I also know the exact new amount that will be held for the FICA taxes.
- Am I legally allowed to manually edit my current W2 in the Turbotax and file the return now itself? Note that my employer will be holding the additional amount for FICA later in March or April and send me an updated W2 later.
- What all other options do I have?
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March 15, 2021
10:29 AM