I would suggest including the W-2 information in your tax return. It is not going to have any impact on your income tax, but there are still two good reasons for inclusion:
- The IRS runs matching tests eventually on all tax returns submitted to verify that all W-2s submitted to them by employers have been reported by taxpayers. A few seconds of data entry now will save you time later responding to an IRS notice.
- There is a cap on the amount of Social Security tax you must pay during the year. Including the data from this W-2 will allow TurboTax to verify that the issuers of W-2 to you have not inadvertently exceeded the cap. Infrequently, a taxpayer is owed a refund.
