Coleen3
Intuit Alumni

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It won't always match because the etc. in the line description (Wages, salaries, tips, etc.) refers to over a dozen items that might not be on your W-2, including unreported disability or sick pay, scholarship or fellowship income, taxable tips, dependent care or adoption benefits, and excess moving reimbursements just to name a few.

The Sch1654 means you have scholarship income added to your W-2 income. Scholarship money is taxable if used for these education expenses:

  • Room and board
  • Travel
  • Any other expense not required for enrollment

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