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bphillips830
Returning Member

2020 W2c with change to box 12a

Received a 2020 W2c and the amount in box 12a went up by $200.  Code in the box is C.  Do i need to file an amended return since i already filed? And will my taxes go up because the amount went up?

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1 Reply
KathrynG3
Expert Alumni

2020 W2c with change to box 12a

The amount in Box 12 with Code C is for taxable cost of group-term life insurance over $50,000.

 

To decide if you should amend, use this interactive assistant from the IRS: Should I file an amended return? The impact on your return would be nominal to report an additional $200, but it could change your income depending on the rest of the return.

 

If you do decide to amend, see:

How do I amend my 2020 TurboTax Online return?

Do I need to amend my state if I amend my federal?

 

@bphillips830

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