TaxBandits Knowledge Base
Have questions? We've got you covered!How do I correct Medicare Wages and Tips without changing Social Security Wages?
In addition to correcting the Medicare Wages and Tips for an employee, you must show the total Social Security Wages and/or Social Security Tips previously reported in both the Originally Reported and Correct Social Security Wages and Social Security Tips items - even though there is no change to the Originally Reported Social Security Wages and/or Social Security Tips.
Example of How to Correct Medicare Wages and Tips Only
FIELD NAME |
ORIGINALLY REPORTED |
CORRECT |
Social Security Wages |
$700.00 |
$700.00 |
Social Security Tips |
$100.00 |
$100.00 |
Medicare Wages and Tips |
$1100.00 |
$900.00 |
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