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garrett-b
New Member

My employer overpaid me for two days of work in 2017. I was notified and repaid the net overpayment in March 2018. Is my W-2 correct or will it need to be corrected?

 
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MichaelDC
New Member

My employer overpaid me for two days of work in 2017. I was notified and repaid the net overpayment in March 2018. Is my W-2 correct or will it need to be corrected?

It's probably correct. You were paid wages of so much in 2017 and your W-2 should reflect that. When you repaid that amount in 2018 you are, in effect, reducing your taxable wages that will be reported on your W-2 for 2018.

Of course, check with your payroll to be sure. However, there would be no way for them to accurately/legitimately reflect in their 2017 books, something that happened in 2018.

Please feel free to post any additional details or questions in the comment section.

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1 Reply
MichaelDC
New Member

My employer overpaid me for two days of work in 2017. I was notified and repaid the net overpayment in March 2018. Is my W-2 correct or will it need to be corrected?

It's probably correct. You were paid wages of so much in 2017 and your W-2 should reflect that. When you repaid that amount in 2018 you are, in effect, reducing your taxable wages that will be reported on your W-2 for 2018.

Of course, check with your payroll to be sure. However, there would be no way for them to accurately/legitimately reflect in their 2017 books, something that happened in 2018.

Please feel free to post any additional details or questions in the comment section.

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