VolvoGirl
Level 15
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Retirement tax questions

Do you have your W2 already?  You first deduct the 401K from the wages in box 1.  The actual W2 you get will have the lower amount in box 1.  Box 12 wont affect your tax return. Don't try to enter your pay without the actual W2.  Your W2 usually doesn't match your paystubs.  There are several pre-tax deductions that affect the boxes.

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