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Get your taxes done using TurboTax
Thanks for responding.
To answer your questions see below in bold and other colors.
On your W-2:
- Is Box 1 larger than box 3? Answer, No
- If it is, is there an entry in box 12, or 14 that could explain it?
My entry in 12a is my Health deduction.
My entry in 12b is my 403b
My entry in 14 is my state unemployment.
Oddly my earnings summary is showing a difference of $560 between it and the entry in 12a .
- If box 1 is not larger than box 3 (It is not)
- Is box 16 the same as box 1. No. Far from it
- Calculate the difference and see if there is a benefit, or retirement contribution that matches the difference. Again when this is done their is a $560 discrepancy, but this doesn't solve my problem.
- Is box 16 the same as box 1. No. Far from it
- Is there any indication of a reason for a discrepancy. No
I had extra tax taken out this year to offset dividends and interest from an inheritance for my wife.I don't believe this impacting box 16 in state wages. Again, usually the state of NJ allows for the health insurance to reduce gross income. - It appears I need to discuss this mess with PayCom.
You might want to review your state reconciliation worksheet.
March 12, 2023
5:32 PM