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Filing Amendments
My husband and I already filed one amendment for our 2020 taxes - (we had received one investment form too late and forgot to deduct a charitable donation). Today my husband found a W2 we didn’t realize we had (his work reimbursed a licensing fee and generated a W2 we were not aware of). Taxes were already withheld for this “income” at 22% in federal taxes, which is where it would fall in our overall tax bracket as well. What should we do? File another amendment to our tax return or leave it alone since we already payed the taxes on the amount reimbursed? I don't know if this would change our overall tax liability at all (although it would change our income and tax withheld numbers).
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March 22, 2021
9:10 AM