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My employer reduced the tax withheld in W-2c after I repaid the gross of overpaymant
My employer asked me to repay gross overpaymant of $2500 ($2000 net + $500 taxes withheld for november 2016) in march 2017, I repaid it and got W-2C. in W-2C my employer reduced the tax withheld also along with wages. Is it correct? How can I get tax withheld amount back for that overpayment
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June 1, 2019
1:07 AM
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Retirement tax questions
If your Gross Income from the Original W2 changed, so should the FICA (Social Security and Medicare). Basically it does not sound correct because your W-2C should reflect a change at least in Boxes 1-6. When you reimbursed your employer previously paid wages, your entire numbers changed because each number in Boxes 2,4 & 6, are a percentage of boxes 1,3 & 5. So your entire W-2C should have changed due to this reimbursement.
June 1, 2019
1:07 AM