Two W2 Same Employer Different Amount from Semi Monthly to Bi-weekly pay

[ohmygracious2015]

I have received two W2`S from the same employer, as we have transitioned from Semi Monthly to Bi-weekly pay in the middle of  2022, if I add both w2 it decreases my tax refund. I'm not exactly sure how to proceed on this. 

[VolvoGirl · Accepted solution]

Ask them why you got 2 W2s.  It should only be 1.  But you need to enter each one separately in Turbo Tax.

What amounts and boxes are different?  Is one a corrected copy?

Or is one a continued from the other one?

If the EIN is the same and you work in more than 1 state or city, sometimes they will give you another W2 with the extra state information on it and the top part the same or not filled in. If this is the case, enter 1 W-2 but include both state and local taxes on it. It will let you type in more than one line for boxes 15-20. Don’t add the boxes together.

Same for boxes 12 and 14 if there is no room on the first W2 they can give you another W2 with the extra boxes on it. So list them all on 1 W2. For box 12 just enter it in the next row or box. It doesn’t have to match the box 12 a-d etc.

[ohmygracious2015]

Thank you for the response. I reached out to HR and they said to “to take both in when you file your tax return. Since you moved from semi monthly to biweekly, it separates them by company code in ADP. “

Both w2s have different amounts from box 1 to 12a are different. They are not corrected forms as farm as I see here. Both Box D and B are the same though.

[DianeW777 · Accepted solution]

Both W-2s must be included in your tax return.  More income will create more tax and therefore you could see a reduced refund.  The tax rates are graduated based on income level (see below).

Review your federal withholding on each portion/W-2.  If you think you need more then you can complete a new W-4 for your paycheck withholding amounts for 2023. 

Marginal Rates As Example: For tax year 2022, the top tax rate remains 37% for individual single taxpayers with incomes greater than $539,900 ($647,850 for married couples filing jointly).
The other rates are:
35%, for incomes over $215,950 ($431,900 for married couples filing jointly);
32% for incomes over $170,050 ($340,100 for married couples filing jointly);
24% for incomes over $89,075 ($178,150 for married couples filing jointly);
22% for incomes over $41,775 ($83,550 for married couples filing jointly);
12% for incomes over $10,275 ($20,550 for married couples filing jointly).
The lowest rate is 10% for incomes of single individuals with incomes of $10,275 or less ($20,550 for married couples filing jointly).