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Level 2
posted Feb 1, 2022 4:55:46 PM

Question about W2 of $19.74

I am a retired individual but still file taxes since my spouse works and also due to income from interest and withdrawals from IRA account. I just received a W2 from my previous employer for $ 19.74. Am I supposed to report it? if so will it impact my retired status?

0 4 1139
4 Replies
Expert Alumni
Feb 1, 2022 5:05:58 PM

Yes, you must report the w2. No status change, you are still retired. Some retired people continue to get w2s from prior employers, not a concern.

Level 15
Feb 1, 2022 5:08:20 PM

if it's for 2021 it needs to be reported on your 2021 return.

if so will it impact my retired status? - no it's way too small if you're asking about Social Security benefits.

 

Level 2
Feb 2, 2022 8:02:54 AM

Thank you so much for your timely response. I added the W2 and am good. Strange part is the my federal tax refund got reduced by around $13 for adding a W2 income of $19.74. 

Level 2
Feb 2, 2022 8:03:52 AM

Thank you so much for your timely response. I added the W2 and am good. Strange part is the my federal tax refund got reduced by around $13 for adding a W2 income of $19.74.