JamesG1
Expert Alumni

Deductions & credits

Hopefully, your corrected W-2 will be received soon.  No real options other than what you outlined.

 

Option 1

 

If you file an IRS form 1040 Federal tax return on a timely basis with the incorrect W-2, you will receive any refund that you have computed.  

If you owe on your IRS form 1040 Federal tax return, you will have made payment on a timely basis.

Eventually you will have to amend the 2022 tax return and report the corrected W-2.

 

Option 2

 

If you file an extension and wait for the corrected W-2, you will still have to make payment on any balance owed.

If your IRS form 1040 Federal tax return is reporting a refund, there is no penalty for filing after April 18.

You will not have to prepare an amended 1040X tax return.

 

@dragon2023 

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