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posted May 31, 2019 8:15:50 PM

Do I have to enter a w2 if the amount is less than $500

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1 Best answer
Level 15
May 31, 2019 8:15:52 PM

Every W-2 that you received must be reported on your tax return, even if they are for small amounts.  Remember that each one of those W-2’s has your Social Security number on it, and that income was reported to the IRS by the employer.  You do not want to get in trouble with the IRS for under-reporting your income.

1 Replies
Level 15
May 31, 2019 8:15:52 PM

Every W-2 that you received must be reported on your tax return, even if they are for small amounts.  Remember that each one of those W-2’s has your Social Security number on it, and that income was reported to the IRS by the employer.  You do not want to get in trouble with the IRS for under-reporting your income.