No, do not subtract anything out of Box 1 on your W-2, please don't alter your W-2 at all. Enter your W-2 exactly as it was reported. CONTINUE If you need to adjust your tip income, there are tw...
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No, do not subtract anything out of Box 1 on your W-2, please don't alter your W-2 at all. Enter your W-2 exactly as it was reported. CONTINUE If you need to adjust your tip income, there are two options. 1. You received tips but did not report them to your employer 2. You received tips AND YOU DID report them to your employer, but your employer did not list the tips in Box 7 on your W-2. If #1, report the tips via your tax return, you will be charged the FICA tax that was not paid on the unreported tips. If #2, adjust the amount of tips on the screens that FOLLOW the input of the W-2. 2. Enter the W-2 FIRST, (no adjustments) THEN use the screen that follows. 2/3/2025 The update is ready in TurboTax Online and TurboTax Desktop will be updated soon.