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Why does my gross annual income have a discrepancy of about $15,000 in my 2019 tax return?
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October 26, 2020
6:13 PM
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What line on your tax return are you looking at? Line 1 should match box 1 of your W2s. Your W2 box 1 does not include any pretax deductions like 401K and health ins. Or is your 1040 line 1 too much? Are there any letters by line 1 like SCH?
October 26, 2020
6:17 PM
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I’m looking at line 1 of my tax return and it is roughly $15,000 higher than the combination of both of my W-2s (I had 2 jobs) looking at line 1 on both of the W-2s.
October 26, 2020
6:23 PM
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SCH 15000 on Form 1040 line 1 means that you have $15,000 of taxable scholarship income. Taxable scholarship income is added to your W-2 wages.
October 26, 2020
6:28 PM
346 Views
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Did you get any 1098 forms? SCH by 1040 line 7 or 1 Wages is taxable scholarship income and then the amount.
See FAQ https://ttlc.intuit.com/questions/2172062-why-is-my-scholarship-taxable
October 26, 2020
6:29 PM
345 Views