TomK2023
Expert Alumni

Get your taxes done using TurboTax

Are you sure that you did not have pre-tax dollars taken out of your income?  

 

The W-2 Box 5 amount is taxable wages subject to Medicare taxes. This differs from your gross earnings because there are certain deductions that reduce your Medicare taxable wages, such as pretax medical/dental and vision insurance, and FSA Medical and Dependent Care.

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