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JimPgh1
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I have a W2 for that has "Social Security tax witheld" being over by 1 cent. Do I really need to contact by employer for a W2-c?

 
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2 Replies

I have a W2 for that has "Social Security tax witheld" being over by 1 cent. Do I really need to contact by employer for a W2-c?

No, you can round off the entry by dropping the cents, the IRS won't care.  Turbotax is extremely sensitive to this issue for some reason. 

AnnetteB6
Expert Alumni

I have a W2 for that has "Social Security tax witheld" being over by 1 cent. Do I really need to contact by employer for a W2-c?

The IRS allows you to round the numbers on your tax documents and your tax return.  Amounts $0.49 or less are rounded down; amounts $0.50 or more are rounded up.  

 

Check the math with the rounding in mind.  If the numbers are correct, enter the rounded amounts for the W-2 and do not worry about getting a corrected W-2 for a penny difference.

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