TaxBandits Knowledge Base
Have questions? We've got you covered!How do I correct Social Security Wages or Tips without changing Medicare Wages?
In addition to correcting the Social Security Wages and/or Social Security Tips for an employee, you must show the total Medicare Wages and Tips previously reported in both the Originally Reported and Correct Medicare Wages and Tips items - even though there is no change to the Originally Reported Medicare Wages and Tips
Example of How to Correct Social Security Wages and/or Social Security Tips
FIELD NAME |
ORIGINALLY REPORTED |
CORRECT |
Social Security Wages |
$700.00 |
$600.00 |
Social Security Tips |
$100.00 |
$50.00 |
Medicare Wages and Tips |
$1100.00 |
$1100.00 |
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