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Incorrect W2

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R

rhondac

Guest
The W2 I received from my employer does not have my
correct salary for the year. My last paycheck stub shows
what I made for the year, but the W2 has a different amount
in the wages, tips,other comp. box. If I add up all the
taxes that I paid to the number in the box that total comes
to much more than my yearly salary was supposed to be. This
has never happened before and I'm concerned that I will be
sending in the wrong numbers to the IRS and will end up in
trouble over this. Any help would be appreciated.
 


ShyCat

Senior Member
Look at Box 13 on your W-2. Anything listed there with a letter code? If so, read the back of your W-2 and it will explain what each of those amounts represent. For example, code C is used to designate the cost of employer-provided life insurance over $50,000 (which is considered a taxable benefit). This amount would be included in the Box 1 (wages, tips and other compensation) amount.

If this does not explain the difference, you'll need to speak to someone in the Payroll department. If your employer did make a mistake, they'll have to issue a corrected W-2.
 

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