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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?
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?
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‎June 9, 2024
8:27 AM