JosephF8
Expert Alumni

Get your taxes done using TurboTax

Withdrawals from your 401k will be reported on the 1099-R that you received.

Depending on the state that you live in, there are a number of items that are excluded from your federal income (box 1)

Some examples are:

  • Contributions to a retirement plan
  • Deductions for health insurance
  • Deductions for a Health Savings Account (HSA)

In this way your State wages (box 16) can be greater than box 1

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