It's never too late to report a problem with your W-2 to your employer. They are required to review it and make the correction if they agree.
The employer needs time to correct the form, but they should be attempting to get it done as soon as they can. There is no specific time frame they have to get this done.
You do need the W-2c before you can file your taxes. You should not file any of your forms based on the assumption that the corrected W-2 will look exactly like you think it should.
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