Year-to-date Incorrect

7 replies
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The YTD gross on my paycheck is incorrect by about $15,000. I have told my HR department about it, but it hasn't been fixed yet. How will this effect taxes if they don't correct it?

Not A Product Question

VolvoGirl

Level 15

Depends on what was wrong. They won’t be filling the W2 until January so it should get corrected by then. And you pay taxes on the taxable amount not the gross amount. The gross amount includes everything even pre-tax items so the gross can be a lot more.

leenabelleAuthor

Level 2

Hello,

Thank you for your response. The thing that's wrong is my YTD when the companies switched, says I'm currently making $15,000 over what I actually made. I'm just not sure how that will mess with things.

VolvoGirl

Level 15

Sorry I don’t understand. That doesn’t explain the problem. How did your company switch? Switch to what? If they got a new EIN employer number you will get 2 different W2 forms in January to report on your tax return.