ColeenD3
Expert Alumni

Get your taxes done using TurboTax

You may be able to distinguish these amounts by looking at your paycheck stub. There is usually a break-out there.

 

Box 1 "Wages, tips, other compensation": This is federal, taxable income for payments in the calendar year. The amount is calculated as YTD earnings minus pretax retirement and pre-tax benefit deductions plus taxable benefits (i.e., certain educational benefits).