DMarkM1
Expert Alumni

Get your taxes done using TurboTax

It is simply due to number of characters that can be entered in the W2 box 5 in TurboTax.  The same limitation exists for box 1 entries on the form W2.  

 

According to the form W2 instructions (here), there is no limit to the amounts that can be reported in boxes 1 and 5.

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