rjs
Level 15
Level 15

Deductions & credits


@numcrunch wrote:
Is there a way for me to confirm my employer filled out my W-2 correctly?

You should do both of the following.

 

1. Discuss it in detail with the payroll department. I strongly recommend doing this now, even before you make the repayment, to make sure you have a clear agreement on how it's going to be handled. Put your understanding in writing and send them a copy (or ask them to put it in writing). It's much better to take action in advance to make sure that the W-2 will be correct, than to find out after you get the W-2 that it's wrong and have to go through the hassle of trying to get it corrected (especially if you won't be there in January when the W-2s are sent out).

 

2. Crunch the numbers, numcrunch 😊. Keep track of the gross pay and federal income tax withheld on your pay stubs, and compare the final amounts to the W-2. Make sure the $10,000 gets backed out of the year-to-date gross, and that the $2,965 does not get backed out of the tax withheld.

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