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What should I do if my employer did not include severance pay on my w2?

1. report it as additional income elsewhere in the report?
2. ignore and wait until problem surfaces and then amend?
3.  If employer does not claim the pay (accounting screwup) should I just ignore this?
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2 Replies

What should I do if my employer did not include severance pay on my w2?

If not on the W-2 then how are they reporting it?   They cannot pay you without reporting the payment.

Did you receive the severance pay in 2021 perhaps, so it will be reported next year?

 

Contact the employer to find out how it is being reported.

 

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
ThomasM125
Employee Tax Expert

What should I do if my employer did not include severance pay on my w2?

Your are supposed to report all income you earned on your tax return even if it was not reported to you.

 

Your first step would be to contact your employer and request the W-2 be corrected to reflect the income. If this is not possible, you can report the income in TurboTax by clicking on the following tabs in the Federal portion of the program:

 

  1. Income and Expenses
  2. Less Common Income
  3. Miscellaneous Income
  4. Other income not already reported on a Form W-2 or Form 1099

 

 

 

 

 

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