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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.
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‎April 12, 2023
8:00 AM
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